Welcome to our dedicated page for Stellus Cap Invt news (Ticker: SCM), a resource for investors and traders seeking the latest updates and insights on Stellus Cap Invt stock.
Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that regularly reports detailed financial and portfolio information, making its news flow particularly relevant for investors who follow private credit and middle-market lending. As an externally managed, closed-end, non-diversified investment management company, Stellus Capital Investment Corporation focuses on generating current income and capital appreciation by investing primarily in debt of private middle-market and lower middle-market companies, often alongside equity positions.
The SCM news stream features recurring quarterly earnings releases in which the company discusses net investment income, core net investment income, realized and unrealized gains or losses, and changes in net asset value. These updates also include portfolio metrics such as investments at fair value, total assets, net assets, number of portfolio company investments, and weighted average yields on debt and other income-producing investments.
Investors can also find announcements about dividends and distributions, including regular monthly dividends that aggregate to a stated amount per share each quarter. Stellus Capital Investment Corporation discloses record dates, ex-dividend dates, and payment dates for these distributions.
Another key news category involves capital markets and financing activities, such as offerings and reopenings of unsecured notes, redemptions of existing notes, amendments to the senior secured revolving credit facility, and the establishment or use of at-the-market equity programs. These items provide insight into the company’s funding structure, cost of capital, and leverage tools.
Conference call announcements and time changes for earnings calls are also part of the SCM news flow, giving investors scheduling details to listen to management’s commentary on performance and portfolio developments. For users of Stock Titan, the SCM news page offers a centralized feed of these earnings, dividend, financing, and corporate governance updates, allowing for ongoing monitoring of Stellus Capital Investment Corporation’s activities.
Stellus Capital Investment (NYSE:SCM) reported financial results for Q2 2024 ended June 30. Key highlights include:
- Net investment income of $0.48 per share
- Core net investment income of $0.50 per share
- Net asset value of $13.36 per share
- New investments of $66.3 million
- Repayments of $40.7 million
- Declared distributions of $0.40 per share
The loan portfolio yield was 11.7% as of June 30, 2024. SCM completed over 11 years of operations, with investors receiving $262 million in total distributions ($15.75 per share). The company had $169.4 million outstanding under its credit facility as of June 30, 2024.
Stellus Capital Investment (NYSE: SCM) has announced its schedule for the release of second quarter 2024 financial results. The company will disclose its financial performance for the quarter ending June 30, 2024, on Wednesday, August 7, 2024, after the stock market closes. Following this, SCM will host a conference call on Thursday, August 8, 2024, at 11:00 AM Central Time to discuss the results.
The call will be led by Robert T. Ladd, CEO, and W. Todd Huskinson, CFO, CCO, Treasurer, and Secretary. Investors can join via phone or live webcast, with replay options available for both methods until August 22, 2024.
Stellus Capital Investment (NYSE: SCM) announced a regular third-quarter dividend for 2024, totaling $0.40 per share. The dividend will be distributed in three monthly increments of $0.1333 each, payable in August, September, and October 2024. The Board of Directors declared these dividends on July 10, 2024. The ex-dividend dates are July 31, August 30, and September 30, with corresponding record dates, and payment dates on August 15, September 13, and October 15, 2024, respectively.
Stellus Capital Investment reported strong financial results for the first fiscal quarter ended March 31, 2024. The net asset value increased by $0.15 per share, with net investment income of $0.42 per share and core net investment income of $0.44 per share exceeding the regular dividend of $0.40 per share. The loan portfolio yielded 11.9% as of March 31, 2024. Over eleven years, investors received $252 million in distributions.
Stellus Capital Investment (NYSE: SCM) is set to announce its first-quarter financial results on May 9, 2024, followed by a conference call on May 10, 2024. The call will be led by the CEO and CFO, providing a platform for investors to discuss the company's performance.
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