Stellus Capital Investment Co. (NYSE:SCM - Get Free Report) announced a monthly dividend on Thursday, October 10th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.133 per share by the investment management company on Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 11.42%. The ex-dividend date of this dividend is Thursday, October 31st.
Stellus Capital Investment has raised its dividend by an average of 18.0% annually over the last three years. Stellus Capital Investment has a dividend payout ratio of 99.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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%.
Shares of Stellus Capital Investment stock opened at $13.97 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.21. The company has a market cap of $362.94 million, a PE ratio of 11.08 and a beta of 1.15. The business has a 50 day moving average of $13.72 and a 200 day moving average of $13.80. Stellus Capital Investment has a 52 week low of $12.19 and a 52 week high of $14.68.
Stellus Capital Investment (NYSE:SCM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $26.63 million during the quarter, compared to the consensus estimate of $26.41 million. Stellus Capital Investment had a return on equity of 14.15% and a net margin of 28.55%. As a group, equities research analysts forecast that Stellus Capital Investment will post 1.84 earnings per share for the current year.
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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