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

Stellus Capital Investment Co. (NYSE:SCM) announced a dividend on Wednesday, January 29th,investing.com reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a yield of 10.83%. The ex-dividend date of this dividend is Friday, January 31st.

Stellus Capital Investment has increased its dividend payment by an average of 17.0% annually 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 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 1.2 %

NYSE:SCM traded down $0.18 on Wednesday, hitting $14.77. The stock had a trading volume of 132,181 shares, compared to its average volume of 132,627. The firm’s fifty day simple moving average is $13.88 and its two-hundred day simple moving average is $13.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. Stellus Capital Investment has a 1 year low of $12.48 and a 1 year high of $15.05. The stock has a market cap of $399.57 million, a P/E ratio of 7.53 and a beta of 1.12.

Stellus Capital Investment (NYSE:SCM) last released its earnings results on Thursday, November 7th. The investment management company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Stellus Capital Investment had a net margin of 45.39% and a return on equity of 13.49%. The company had revenue of $26.50 million for the quarter, compared to the consensus estimate of $27.36 million. During the same period in the prior year, the company earned $0.49 earnings per share. Analysts predict 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.