Stellus Capital: Fully Covered 12.5% Dividend Yield With NAV Angst [Seeking Alpha]
Stellus Capital Investment Corporation (SCM)
Last stellus capital investment corporation earnings: 3/3 06:00 am
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US:NYSE Investor Relations:
stelluscapital.com/cgi-bin/credit/corporation/press.pl
Company Research
Source: Seeking Alpha
The BDC saw its NAV per share grow by 7 cents sequentially during the fourth quarter, with the commons currently swapping hands for a small discount to NAV. Loans on non-accrual status remain low at 1.3% of SCM's total loan portfolio at fair value. Stellus Capital Investment's ( NYSE: SCM ) stock price is meandering, it's flat year-to-date but is down 15% over the last year. The business development company last declared a monthly cash dividend of $0.1333 per share , kept unchanged from the prior month and $1.60 per share annualized for a 12.5% dividend yield. The safety of the monthly distributions has been a point of contention against net asset value that had been dipping for a few quarters, up until SCM's fiscal 2023 fourth quarter. This came in at $13.26 per share , up 7 cents sequentially but down from $14.02 per share in SCM's year-ago period. The mix of a double-digit dividend yield and common shares that are currently swapping hands for a small 2.3% discount to NAV pre
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SCM
News
- Stellus Capital Investment Corporation Announces Ex-Dividend Date Changes to its $0.40 Second Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2024PR Newswire
- Stellus Capital Investment Corporation Announces $0.40 Second Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2024PR Newswire
- Stellus Capital: A Covered 12% Yield, But No Real Upside [Seeking Alpha]Seeking Alpha
- Stellus Capital Investment Co. (NYSE: SCM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Stellus Capital: 12% Yield, 125% Dividend Coverage, NAV/Share Growth [Seeking Alpha]Seeking Alpha
SCM
Earnings
- 3/4/24 - Beat
SCM
Sec Filings
- 4/24/24 - Form DEF
- 4/5/24 - Form 8-K
- 4/5/24 - Form PRE
- SCM's page on the SEC website