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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.
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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.