Stellus Cap Invt Corp Stock Price, News & Analysis

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.