Stellus Capital Investment Corp (NYSE:SCM) declared a monthly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.1133 per share by the investment management company on Monday, July 15th. This represents a $1.36 annualized dividend and a yield of 9.46%. The ex-dividend date is Thursday, June 27th.
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 research 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 stock opened at $14.37 on Wednesday. The firm has a market cap of $226.07 million, a price-to-earnings ratio of 10.12 and a beta of 0.77. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.86. Stellus Capital Investment has a 1-year low of $11.65 and a 1-year high of $15.30.
Stellus Capital Investment (NYSE:SCM) last announced its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.12. The company had revenue of $15.25 million during the quarter, compared to analyst estimates of $14.02 million. Stellus Capital Investment had a net margin of 49.18% and a return on equity of 10.02%. Equities analysts forecast that Stellus Capital Investment will post 1.42 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Stellus Capital Investment from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th.
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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 seeks to invest in companies with an EBITDA between $5 million and $50 million.
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