Stellus Capital Investment Corporation (NYSE:SCM) Declares $0.13 -- Dividend

Stellus Capital Investment Corporation (NYSE:SCM - Get Free Report) declared a -- dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.1333 per share by the investment management company on Wednesday, October 15th. This represents a yield of 11.1%. The ex-dividend date of this dividend is Tuesday, September 30th.

Stellus Capital Investment has a payout ratio of 127.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

Stellus Capital Investment stock traded up $0.21 on Friday, reaching $14.44. The company's stock had a trading volume of 91,371 shares, compared to its average volume of 156,415. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $410.33 million, a price-to-earnings ratio of 10.03 and a beta of 0.88. The business's fifty day moving average price is $13.47 and its 200 day moving average price is $13.82. Stellus Capital Investment has a twelve month low of $11.19 and a twelve month high of $15.56.

Stellus Capital Investment (NYSE:SCM - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The investment management company reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The company had revenue of $24.95 million for the quarter, compared to analyst estimates of $26.76 million. Stellus Capital Investment had a return on equity of 11.93% and a net margin of 36.35%. Equities analysts expect that Stellus Capital Investment will post 1.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stellus Capital Investment

An institutional investor recently bought a new position in Stellus Capital Investment stock. Jane Street Group LLC purchased a new stake in shares of Stellus Capital Investment Corporation (NYSE:SCM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,205 shares of the investment management company's stock, valued at approximately $157,000. Institutional investors own 13.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SCM shares. Keefe, Bruyette & Woods lowered their price target on shares of Stellus Capital Investment from $13.50 to $13.00 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised shares of Stellus Capital Investment from a "sell" rating to a "hold" rating in a report on Friday, June 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.