Stellus Capital Investment Co. Declares Dividend of $0.13 (NYSE:SCM)

Stellus Capital Investment Co. (NYSE:SCM) announced a dividend on Thursday, January 30th,investing.com reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a dividend yield of 10.74%. The ex-dividend date of this dividend is Friday, January 31st.

Stellus Capital Investment has raised its dividend by an average of 17.0% per year over the last three years. Stellus Capital Investment has a payout ratio of 112.7% indicating that 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 Up 0.9 %

NYSE:SCM traded up $0.14 during mid-day trading on Thursday, reaching $14.91. The company’s stock had a trading volume of 153,157 shares, compared to its average volume of 133,713. Stellus Capital Investment has a 1 year low of $12.48 and a 1 year high of $15.05. The stock has a fifty day moving average of $13.89 and a 200-day moving average of $13.89. The firm has a market capitalization of $403.44 million, a PE ratio of 7.61 and a beta of 1.12. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $26.50 million for the quarter, compared to analyst estimates of $27.36 million. Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. During the same quarter last year, the company earned $0.49 EPS. Equities research analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current year.

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.