Stellus Capital Investment Co. (SCM) To Go Ex-Dividend on March 28th

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Friday, January 10th,Wall Street Journal reports. Shareholders of record on Saturday, March 29th will be given a dividend of 0.1333 per share by the investment management company on Tuesday, April 15th. This represents a $1.60 annualized dividend and a yield of 11.71%. 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% per year 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. 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 Price Performance

Stellus Capital Investment stock opened at $13.66 on Friday. The firm has a market capitalization of $369.61 million, a PE ratio of 6.97 and a beta of 1.12. Stellus Capital Investment has a 52 week low of $12.48 and a 52 week high of $14.68. The firm’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $13.84. The company has a quick ratio of 0.29, a current 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.