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Stellus Capital Investment Corporation (NYSE: SCM) 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. Headquartered in Houston, Texas, Stellus Capital is dedicated to maximizing the total return for its stockholders through a combination of current income and capital appreciation.
The company primarily invests in private middle-market companies with EBITDA ranging between $5 million to $50 million. Stellus Capital employs a strategic investment approach utilizing first lien, second lien, unsecured debt, and mezzanine debt financing, often coupled with corresponding equity co-investments. The sectors targeted by the company include business services, energy, industrials, government services, healthcare, software, and specialty finance.
Stellus Capital Investment Corporation is managed by its investment adviser, Stellus Capital Management, a firm known for its financial acumen and industry expertise. The company generates revenue primarily from interest income on debt investments, capital gains, and distributions.
Recent financial performances underscore the company's robust operational strategy. For the quarter ended September 30, 2023, Stellus reported a U.S. GAAP net investment income of $0.47 per share and core net investment income of $0.49 per share, covering the regular dividend declared of $0.40 per share. The loan portfolio, valued at $886 million, is yielding 11.5%. Operating expenses were detailed at $16.3 million against an investment income of $27.2 million for the same period.
Stellus maintains a solid liquidity position with a senior secured revolving credit agreement allowing for borrowings up to $265 million, with potential expansion up to $280 million. As of September 30, 2023, $162.3 million was outstanding under this facility. The company also raised $21.9 million through its At-the-Market Program (ATM Program) during the quarter.
The Board of Directors has declared consistent monthly dividends, affirming the company's commitment to shareholder returns. For the first quarter of 2024, a total of $0.40 per share will be distributed, reflecting financial stability and consistent income generation capabilities.
Stellus Capital continues to engage in disciplined portfolio management and prudent investment strategies, ensuring sustained growth and value maximization for its investors. For more information on Stellus Capital Investment Corporation, please visit their website.
Stellus Capital Investment (NYSE:SCM) reported financial results for Q3 2024, achieving net investment income of $0.39 per share and core net investment income of $0.40 per share, fully covering the declared dividend of $0.40 per share. Net asset value increased by $0.19 per share from the previous quarter. The company expanded its Credit Facility by $55 million to $315 million after quarter-end. Investment income totaled $26.5 million, with total investments at fair value reaching $908.7 million across 99 portfolio companies. The weighted average yield on total investments was 10.3%, and the company declared monthly distributions of $0.1333 per share for October, November, and December 2024.
Stellus Capital Investment (NYSE: SCM) announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, after market close. The company will host a conference call to discuss the results on Friday, November 8, 2024, at 11:00 AM Central Time, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. The call will be accessible via phone at 888-506-0062 (passcode: 122799) and through a webcast on the company's website. A replay will be available until November 22, 2024.
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
Stellus Capital Investment (NYSE:SCM) reported financial results for Q2 2024 ended June 30. Key highlights include:
- Net investment income of $0.48 per share
- Core net investment income of $0.50 per share
- Net asset value of $13.36 per share
- New investments of $66.3 million
- Repayments of $40.7 million
- Declared distributions of $0.40 per share
The loan portfolio yield was 11.7% as of June 30, 2024. SCM completed over 11 years of operations, with investors receiving $262 million in total distributions ($15.75 per share). The company had $169.4 million outstanding under its credit facility as of June 30, 2024.
Stellus Capital Investment (NYSE: SCM) has announced its schedule for the release of second quarter 2024 financial results. The company will disclose its financial performance for the quarter ending June 30, 2024, on Wednesday, August 7, 2024, after the stock market closes. Following this, SCM will host a conference call on Thursday, August 8, 2024, at 11:00 AM Central Time to discuss the results.
The call will be led by Robert T. Ladd, CEO, and W. Todd Huskinson, CFO, CCO, Treasurer, and Secretary. Investors can join via phone or live webcast, with replay options available for both methods until August 22, 2024.
Stellus Capital Investment (NYSE: SCM) announced a regular third-quarter dividend for 2024, totaling $0.40 per share. The dividend will be distributed in three monthly increments of $0.1333 each, payable in August, September, and October 2024. The Board of Directors declared these dividends on July 10, 2024. The ex-dividend dates are July 31, August 30, and September 30, with corresponding record dates, and payment dates on August 15, September 13, and October 15, 2024, respectively.
Stellus Capital Investment reported strong financial results for the first fiscal quarter ended March 31, 2024. The net asset value increased by $0.15 per share, with net investment income of $0.42 per share and core net investment income of $0.44 per share exceeding the regular dividend of $0.40 per share. The loan portfolio yielded 11.9% as of March 31, 2024. Over eleven years, investors received $252 million in distributions.
Stellus Capital Investment (NYSE: SCM) is set to announce its first-quarter financial results on May 9, 2024, followed by a conference call on May 10, 2024. The call will be led by the CEO and CFO, providing a platform for investors to discuss the company's performance.
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