Stellus Capital Investment Co. (NYSE:SCM) to Issue $0.13 Monthly Dividend

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Saturday, March 29th will be paid a dividend of 0.1333 per share by the investment management company on Tuesday, April 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend is Friday, March 28th.

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 120.3% 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 research 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 $13.84 on Wednesday. Stellus Capital Investment has a one year low of $12.48 and a one year high of $14.68. The firm has a market cap of $374.48 million, a price-to-earnings ratio of 7.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $13.84.

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.