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

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date of this dividend is Friday, January 31st.

Stellus Capital Investment has increased its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a payout ratio of 120.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Performance

Shares of SCM stock traded down $0.10 on Friday, reaching $13.66. The stock had a trading volume of 90,870 shares, compared to its average volume of 106,594. Stellus Capital Investment has a 12 month low of $12.48 and a 12 month high of $14.68. 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 firm has a market capitalization of $369.61 million, a price-to-earnings ratio of 6.97 and a beta of 1.12. The firm’s 50-day moving average is $13.74 and its two-hundred day moving average is $13.84.

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.