Stellus Capital Investment Co. (NYSE:SCM – Get Free Report) announced a dividend on Wednesday, October 30th, investing.com reports. Investors of record on Friday, November 1st will be paid a dividend of 0.1333 per share by the investment management company on Friday, November 15th. This represents a yield of 11.3%. The ex-dividend date is Thursday, October 31st.
Stellus Capital Investment has raised its dividend by an average of 18.0% per year over the last three years. Stellus Capital Investment has a payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Stellus Capital Investment to earn $1.60 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 100.0%.
Stellus Capital Investment Stock Up 0.5 %
NYSE:SCM traded up $0.07 during midday trading on Wednesday, hitting $14.16. 145,052 shares of the company were exchanged, compared to its average volume of 137,541. The company has a fifty day simple moving average of $13.83 and a 200 day simple moving average of $13.91. Stellus Capital Investment has a fifty-two week low of $12.34 and a fifty-two week high of $14.68. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $341.62 million, a PE ratio of 13.11 and a beta of 1.15.
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.
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