Stellus Capital Investment Co. (NYSE:SCM) Plans $0.13 Monthly Dividend

Stellus Capital Investment Co. (NYSE:SCM) declared a monthly dividend on Friday, October 11th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.1333 per share by the investment management company on Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date is Friday, November 29th.

Stellus Capital Investment has increased its dividend by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 109.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Stellus Capital Investment to earn $1.45 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 110.3%.

Stellus Capital Investment Stock Down 0.1 %

Shares of Stellus Capital Investment stock opened at $13.82 on Wednesday. Stellus Capital Investment has a 12-month low of $12.48 and a 12-month high of $14.68. The stock has a market capitalization of $373.97 million, a P/E ratio of 7.05 and a beta of 1.15. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $13.89 and a two-hundred day moving average price of $13.89.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund prefers to invest in US and Canada.