Stellus Capital Investment Corp (NYSE:SCM) announced a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.1133 per share by the investment management company on Wednesday, May 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend is Friday, April 26th.
Stellus Capital Investment has a dividend payout ratio of 107.1% 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 $1.44 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 94.4%.
Shares of SCM opened at $14.37 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.22 and a quick ratio of 0.22. Stellus Capital Investment has a one year low of $11.65 and a one year high of $15.30. The firm has a market capitalization of $226.07 million, a P/E ratio of 10.12 and a beta of 0.77.
Stellus Capital Investment (NYSE:SCM) last issued its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Stellus Capital Investment had a return on equity of 10.02% and a net margin of 49.18%. The company had revenue of $15.25 million during the quarter, compared to analyst estimates of $14.02 million. Equities research analysts predict that Stellus Capital Investment will post 1.42 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered Stellus Capital Investment from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th.
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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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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