Stellus Capital Investment Co. (NYSE:SCM) Announces $0.13 Apr 25 Dividend

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

Stellus Capital Investment has increased its dividend payment by an average of 16.6% per year over the last three years. Stellus Capital Investment has a payout ratio of 112.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Down 6.4 %

NYSE:SCM traded down $0.81 on Monday, reaching $11.83. The stock had a trading volume of 438,142 shares, compared to its average volume of 162,165. The company has a market cap of $325.51 million, a price-to-earnings ratio of 6.03 and a beta of 0.84. The firm’s fifty day moving average is $14.57 and its two-hundred day moving average is $14.12. Stellus Capital Investment has a 12-month low of $11.58 and a 12-month high of $15.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.29 and a quick ratio of 0.29.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.