Stellus Capital Investment Co. (NYSE:SCM) to Issue Apr 25 Dividend of $0.13

Stellus Capital Investment Co. (NYSE:SCM) declared a apr 25 dividend on Monday, April 7th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.1333 per share by the investment management company on Thursday, May 15th.

Stellus Capital Investment has raised its dividend payment by an average of 16.6% per year over the last three years. Stellus Capital Investment has a dividend payout ratio of 112.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

Shares of Stellus Capital Investment stock traded down $0.81 during trading on Monday, reaching $11.83. The company’s stock had a trading volume of 438,142 shares, compared to its average volume of 162,165. The business’s 50-day moving average price is $14.57 and its 200-day moving average price is $14.12. The firm has a market cap of $325.51 million, a PE ratio of 6.03 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.15. Stellus Capital Investment has a 52 week low of $11.58 and a 52 week high of $15.56.

Stellus Capital Investment (NYSE:SCM) last issued its earnings results on Tuesday, March 4th. The investment management company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $25.62 million for the quarter, compared to analyst estimates of $26.60 million. Stellus Capital Investment had a return on equity of 13.49% and a net margin of 45.39%. Equities analysts forecast that Stellus Capital Investment will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Stellus Capital Investment from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th.

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.