Stellus Capital Investment Corporation (SCM) To Go Ex-Dividend on June 30th

Stellus Capital Investment Corporation (NYSE:SCMGet Free Report) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.1133 per share by the investment management company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 16.1%. The ex-dividend date of this dividend is Tuesday, June 30th.

Stellus Capital Investment has increased its dividend by an average of 0.1%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. Analysts expect Stellus Capital Investment to earn $1.03 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 132.0%.

Stellus Capital Investment Stock Up 5.1%

Shares of NYSE SCM opened at $8.42 on Friday. Stellus Capital Investment has a 1 year low of $7.78 and a 1 year high of $15.39. The firm’s 50 day moving average price is $9.12 and its 200 day moving average price is $10.53. The firm has a market cap of $243.79 million, a P/E ratio of 10.27 and a beta of 0.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.04 and a current ratio of 0.04.

Stellus Capital Investment (NYSE:SCMGet Free Report) last released its earnings results on Monday, May 11th. The investment management company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Stellus Capital Investment had a net margin of 23.59% and a return on equity of 9.69%. The firm had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $24.80 million. As a group, sell-side analysts anticipate that Stellus Capital Investment will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SCM shares. LADENBURG THALM/SH SH lowered their price target on Stellus Capital Investment from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Zacks Research raised Stellus Capital Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods reduced their price target on Stellus Capital Investment from $13.00 to $9.00 and set a “market perform” rating for the company in a report on Monday, March 16th. Weiss Ratings lowered Stellus Capital Investment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Wall Street Zen raised Stellus Capital Investment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Stellus Capital Investment presently has an average rating of “Hold” and an average target price of $10.00.

Check Out Our Latest Stock Analysis on Stellus Capital Investment

About Stellus Capital Investment

(Get Free Report)

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.

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Dividend History for Stellus Capital Investment (NYSE:SCM)

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