Stellus Capital Investment Corporation Announces $0.40 Fourth Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in November and December 2024, and January 2025
Rhea-AI Summary
Stellus Capital Investment (NYSE: SCM) has announced its fourth quarter 2024 dividend distribution. The company's Board of Directors has declared a monthly dividend of $0.1333 for each month of the quarter, totaling $0.40 per share for Q4 2024. This regular dividend will be paid to shareholders of record in November and December 2024, and January 2025.
The dividend payment schedule is as follows:
- $0.1333 per share payable on November 15, 2024, to shareholders of record on October 31, 2024
- $0.1333 per share payable on December 13, 2024, to shareholders of record on November 29, 2024
- $0.1333 per share payable on January 15, 2025, to shareholders of record on December 31, 2024
Positive
- Consistent quarterly dividend of $0.40 per share maintained
- Monthly dividend payments provide regular income to shareholders
Negative
- None.
Insights
The announcement of Stellus Capital Investment 's (SCM) quarterly dividend of
For a company with a market cap of
The decision to maintain the dividend at previous levels indicates that SCM's management believes their business model and cash flow can sustain this payout. However, investors should monitor the company's earnings and payout ratio to ensure the dividend remains sustainable in the long term.
While this news is positive, it's important to note that it doesn't provide new information about the company's underlying performance or growth prospects. Investors should look to upcoming earnings reports for a more comprehensive view of SCM's financial health and future outlook.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Summary of Fourth Quarter 2024 Regular Monthly Dividends
Declared | Ex-Dividend Date | Record Date | Payment Date | Amount per Share |
10/10/2024 | 10/31/2024 | 10/31/2024 | 11/15/2024 | |
10/10/2024 | 11/29/2024 | 11/29/2024 | 12/13/2024 | |
10/10/2024 | 12/31/2024 | 12/31/2024 | 01/15/2025 |
About Stellus Capital Investment Corporation
The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with
FORWARD-LOOKING STATEMENTS
Statements included herein may contain "forward-looking statements" which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts
Stellus Capital Investment Corporation
W. Todd Huskinson, (713) 292-5414
Chief Financial Officer
thuskinson@stelluscapital.com
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SOURCE Stellus Capital Investment Corporation