Stellus Capital Investment Corporation (NYSE:SCM) Declares $0.11 Monthly Dividend

Stellus Capital Investment Corporation (NYSE:SCM) announced a monthly dividend on Friday, January 16th. Investors of record on Friday, January 30th will be paid a dividend of 0.1133 per share by the investment management company on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Friday, January 30th.

Stellus Capital Investment has increased its dividend payment by an average of 0.0%per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 107.9% 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 should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 93.8%.

Stellus Capital Investment Trading Up 0.7%

Shares of Stellus Capital Investment stock opened at $13.04 on Wednesday. Stellus Capital Investment has a 12-month low of $11.19 and a 12-month high of $15.56. The stock has a fifty day simple moving average of $12.65 and a 200 day simple moving average of $13.22. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $377.36 million, a P/E ratio of 11.96 and a beta of 0.66.

Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Monday, November 10th. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $26.28 million during the quarter, compared to analyst estimates of $25.97 million. Stellus Capital Investment had a return on equity of 10.72% and a net margin of 29.77%. On average, sell-side analysts anticipate that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SCM has been the subject of several research reports. Wall Street Zen lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stellus Capital Investment in a research note on Monday, December 29th. Finally, Zacks Research raised shares of Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Stellus Capital Investment Company Profile

Stellus Capital Investment Corporation (NYSE: SCM) is a closed-end, externally managed business development company that provides debt and equity financing to middle market companies in the United States. As an investment vehicle specializing in private credit, Stellus focuses on originating and structuring senior secured loans, unitranche facilities, mezzanine debt, and equity co-investments tailored to the unique needs of growing businesses. Its flexible capital solutions are designed to support acquisitions, recapitalizations, growth initiatives, and balance sheet refinancings.

Operating under an evergreen structure, Stellus Capital Investment partners with a diverse group of portfolio companies across industries such as manufacturing, healthcare, business services, and specialty finance.