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Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.1333 for April, May, and June 2023, resulting in a total of $0.40 per share for the second quarter of 2023. The dividend was announced on April 19, 2023, with the ex-dividend dates set for April 28, May 30, and June 29, 2023. Shareholders on record will receive payments on May 15, June 15, and July 14, 2023. Stellus aims to maximize total returns for shareholders through investments in private middle-market companies, typically with EBITDA ranging from $5.0 million to $50.0 million.
Stellus Capital Investment Corporation (NYSE:SCM) reported strong financial results for Q4 and FY 2022, achieving U.S. GAAP net investment income of $0.50 per share and core net investment income of $0.44 per share, covering a regular dividend of $0.34. The company increased its dividend by 43% to $0.40, reflecting robust earnings in a high-interest rate environment. Total assets rose to $898.2 million, with investments at fair value of $844.7 million, while net assets slightly decreased to $275.8 million. Notably, Stellus has 85 portfolio investments, with a weighted average yield of 11.1% for debt investments.
Stellus Capital Investment Corporation (NYSE: SCM) will publish its financial results for Q4 and the annual period ending December 31, 2022, on February 28, 2023, post market close. The company will conduct a conference call on March 1, 2023, at 10:00 AM Central Time, featuring executives Robert T. Ladd and W. Todd Huskinson. Investors can join via phone or live webcast, with replays available. Stellus Capital focuses on maximizing returns through investments in private middle-market companies, with a range of debt financing options. The company's financial disclosures and performance data are subject to fluctuations and risks outlined in SEC filings.
Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.1333 for January, February, and March 2023, amounting to a total of $0.40 per share. This reflects a 43% increase from the previous quarter's dividend of $0.28 per share and an 18% increase over combined fourth quarter dividends. The dividend increase is attributed to stronger earnings driven by a floating-rate loan portfolio and a fixed-rate liability structure. Shareholders of record will receive the dividend payable on February 15, March 15, and April 14, 2023.
Stellus Capital Investment Corporation (NYSE: SCM) reported strong financial results for Q3 2022, with net investment income of $7.19 million ($0.37 per share) and core net investment income of $6.90 million ($0.35 per share). The company's portfolio grew to $872 million, benefiting from increased loan yields due to rising interest rates. The Board declared a total dividend of $0.34 per share for Q4, including an additional $0.06. Despite net unrealized depreciation of $4.80 million, the company maintained asset quality and a stable portfolio performance.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its third-quarter financial results for the period ending September 30, 2022, on November 3, 2022, post-market close. A conference call to discuss these results is scheduled for November 4, 2022, at 10:00 AM CT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. Investors can access the call via phone or live webcast on the company's website, with a replay available for 90 days. Stellus Capital focuses on maximizing total return through investments in private middle-market companies, primarily through various debt financing options.
On October 4, 2022, Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.0933 and an additional dividend of $0.02 for each of October, November, and December 2022. This totals $0.34 per share for the fourth quarter. The regular dividend of $0.28 per share will be paid alongside an additional $0.06 per share, ensuring shareholders receive $0.34 in total. Key dates include payment on November 15 and December 29 for the declared dividends.
Stellus Capital Investment Corporation (NYSE: SCM) reported positive financial results for the second quarter of 2022, covering its dividend with a net investment income of $6.17 million ($0.32 per share). The portfolio's fair value grew to $852 million, and the bank credit facility was expanded to $265 million. The yield on loans increased by 80 basis points since Q1. An additional dividend of $0.06 was declared for Q3, totaling $0.34 per share. Despite unrealized depreciation on investments of $4.29 million, the company maintains asset quality.
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