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

Stellus Capital Investment Co. (NYSE:SCM) announced a monthly dividend on Thursday, January 9th,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.1333 per share by the investment management company on Friday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 11.71%. The ex-dividend date is Friday, January 31st.

Stellus Capital Investment has raised its dividend by an average of 17.0% per year 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. 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 Down 0.7 %

Shares of NYSE:SCM traded down $0.10 during midday trading on Friday, hitting $13.66. 90,870 shares of the company’s stock were exchanged, compared to its average volume of 106,594. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50 day moving average price of $13.74 and a 200-day moving average price of $13.84. Stellus Capital Investment has a 12 month low of $12.48 and a 12 month high of $14.68. The company has a market cap of $369.61 million, a PE ratio of 6.97 and a beta of 1.12.

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.