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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 Corporation (NYSE: SCM) declared a monthly dividend of $0.0933 per share for January, February, and March 2022, resulting in an aggregate dividend of $0.28 for the first quarter. This includes an additional previously declared dividend of $0.06 per share, totaling $0.34 to be paid to shareholders. The ex-dividend dates are set between January 27 and March 30, with payment dates scheduled between February 15 and April 15, 2022.
On November 11, 2021, Stellus Capital Investment Corporation (NYSE: SCM) announced a public offering of its common stock, intending to utilize the proceeds for repaying its credit facility and investing in portfolio companies. The offering will be conducted under an effective shelf registration statement with the SEC. Joint book-running managers include Keefe, Bruyette & Woods, Wells Fargo, Oppenheimer, and Goldman Sachs. Investors are urged to read the prospectus supplement for vital information regarding investment risks and objectives.
On November 1, 2021, Stellus Capital Investment Corporation (NYSE: SCM) announced an additional quarterly dividend of $0.06 per share, to be paid in three monthly installments of $0.02 each starting February 15, 2022. This decision was driven by significant realized gains from their equity portfolio in Q3 2021. This dividend is in addition to the regular quarterly dividend of $0.28 per share for Q4 2021. The ex-dividend dates range from January 27 to March 30, 2022, with record dates from January 28 to March 31, 2022.
Stellus Capital Investment Corporation (NYSE: SCM) reported strong Q3 2021 results, highlighting a core net investment income of $0.31 per share, surpassing the $0.27 dividend. The net investment income on a GAAP basis was $0.21 per share. The firm achieved $7.9 million in realized gains, leading to an increase in net asset value and a dividend hike to $0.28 for Q4. The investment portfolio's fair value remained stable, with year-to-date investments at $243 million. Total assets reached $827 million and net assets stood at $275.6 million.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its third-quarter financial results for the period ending September 30, 2021, on October 28, 2021, post-market. A conference call to discuss these results is scheduled for October 29, 2021, at 10:00 AM CDT, hosted by CEO Robert T. Ladd and CFO W. Todd Huskinson. The call can be accessed via phone or webcast on the company's website. Stellus aims to maximize shareholder returns through investments in private middle-market companies.
Stellus Capital Investment Corporation (NYSE: SCM) has declared a regular monthly dividend of $0.28 per share for the fourth quarter of 2021, marking a $0.01 increase compared to the previous quarter. The dividend will be distributed over three months, with payment dates scheduled for November 15, December 31, and December 31. Shareholders should note the corresponding ex-dividend and record dates as October 28, November 29, and December 15 for the respective payments. This increase highlights the company’s commitment to returning value to its shareholders.
Stellus Capital Investment Corporation (NYSE: SCM) reported its Q2 2021 financial results, showing a net investment income of $0.28 per share, covering dividends of $0.25 per share. Core net investment income rose to $0.30 per share. The company increased its regular dividend to $0.27 per share and declared $0.03 in supplemental dividends for Q3. The portfolio value grew to approximately $782 million, with significant investments totaling $92 million made in the quarter. The company's year-to-date investments reached $185 million, maintaining a strong capital pipeline.
Stellus Capital Investment Corporation (NYSE:SCM) announced a rescheduling of its earnings conference call for Q2 2021 results. The call will occur on August 3, 2021, at 11:00 AM Central Time, led by CEO Robert T. Ladd and CFO Todd Huskinson. Participants can join via telephone or live webcast. A replay will be available for 24 hours after the call and on the company's website for 90 days. Stellus focuses on maximizing total returns for shareholders through investments in private middle-market companies, utilizing various debt financing and equity investments strategies.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its Q2 2021 financial results on August 2, 2021, after market close. A conference call to discuss the results is scheduled for August 3, 2021, at 10:00 AM CDT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. The call can be accessed via phone or live webcast on the company’s website. Stellus Capital focuses on maximizing total returns for stockholders by investing in private middle-market companies through various debt financing and equity investments.
Stellus Capital Investment Corporation (NYSE: SCM) announced a monthly dividend increase to $0.27 per share for July, August, and September, up by $0.02 from the previous quarter. Additionally, a supplemental dividend of $0.01 per share is declared for each of these months. The ex-dividend dates are July 29, August 30, and September 29, with payment dates set for August 13, September 15, and October 15, respectively. This reflects the company’s commitment to returning value to shareholders.
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