Stellus Capital Investment Corporation reports news as an externally managed, closed-end, non-diversified investment management company that has elected business development company regulation under the Investment Company Act of 1940. The company invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, often alongside equity investments, with Stellus Capital Management serving as investment adviser.
Recurring announcements cover quarterly and annual financial results, portfolio funding and repayments, interest income from debt investments, realized and unrealized investment gains or losses, regular monthly dividend declarations, and conference-call schedules tied to financial reporting.
Stellus Capital Investment Corporation (NYSE: SCM) has declared a regular quarterly dividend of $0.25 per share for the second quarter of 2020, marking a shift from monthly to quarterly payments. The dividend is attributed to the current lower interest rate environment. The ex-dividend date is set for July 14, 2020, with a record date of July 15, 2020, and payment scheduled for July 31, 2020. Looking ahead, the Company aims to declare its third-quarter dividend by September 30, 2020.