Stellus Capital Investment Co. (SCM) To Go Ex-Dividend on January 31st

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date is Friday, January 31st.

Stellus Capital Investment has increased its dividend by an average of 17.0% annually over the last three years. Stellus Capital Investment has a payout ratio of 120.3% 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 may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 110.3%.

Stellus Capital Investment Stock Performance

SCM stock opened at $13.66 on Friday. The stock has a market capitalization of $369.61 million, a PE ratio of 6.97 and a beta of 1.12. The stock’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $13.84. Stellus Capital Investment has a 12-month low of $12.48 and a 12-month high of $14.68. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.15.

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 prefers to invest in US and Canada.