Stellus Capital Investment Corp (NYSE:SCM) announced a monthly dividend on Wednesday, January 15th, Wall Street Journal reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.1133 per share by the investment management company on Wednesday, April 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date is Monday, March 30th.

Stellus Capital Investment has a payout ratio of 111.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Stellus Capital Investment to earn $1.34 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 101.5%.

Shares of Stellus Capital Investment stock traded down $0.01 during trading on Wednesday, reaching $14.39. The company’s stock had a trading volume of 128,752 shares, compared to its average volume of 104,122. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71. The company has a market cap of $273.06 million, a price-to-earnings ratio of 10.13 and a beta of 0.67. Stellus Capital Investment has a 1-year low of $12.65 and a 1-year high of $15.30. The company has a 50-day simple moving average of $14.34 and a two-hundred day simple moving average of $13.91.

Stellus Capital Investment (NYSE:SCM) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.61 million. Stellus Capital Investment had a return on equity of 9.44% and a net margin of 45.89%. As a group, analysts anticipate that Stellus Capital Investment will post 1.27 earnings per share for the current year.

Separately, Zacks Investment Research upgraded Stellus Capital Investment from a “sell” rating to a “hold” rating in a research note on Tuesday.

About Stellus Capital Investment

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 seeks to invest in companies with an EBITDA between $5 million and $50 million.

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Dividend History for Stellus Capital Investment (NYSE:SCM)

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