Stellus Capital Investment Corporation Announces $0.34 Fourth Quarter 2022 Regular and Additional Dividends, Payable Monthly in Increments of $0.1133 in November and December 2022

Rhea-AI Summary

On October 4, 2022, Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.0933 and an additional dividend of $0.02 for each of October, November, and December 2022. This totals $0.34 per share for the fourth quarter. The regular dividend of $0.28 per share will be paid alongside an additional $0.06 per share, ensuring shareholders receive $0.34 in total. Key dates include payment on November 15 and December 29 for the declared dividends.

Positive

• Total dividend payment of $0.34 per share for Q4 2022 enhances shareholder income.
• Regular and additional dividends reflect company confidence in ongoing cash flow.

Negative

• None.

HOUSTON, Oct. 5, 2022 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that its Board of Directors has declared a monthly dividend of $0.0933 and an additional dividend of $0.02 per share for each of October, November and December, totaling $0.34 per share in the aggregate for the fourth quarter of 2022.  The regular dividend of $0.28 per share in the aggregate will be paid in addition to an additional dividend of $0.06 per share for an aggregate total of $0.34 per share to shareholders of record in October, November, and December 2022.

Summary of Fourth Quarter 2022 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
10/04/2022	10/28/2022	10/31/2022	11/15/2022	$0.0933
10/04/2022	11/29/2022	11/30/2022	12/15/2022	$0.0933
10/04/2022	12/15/2022	12/16/2022	12/29/2022	$0.0933

Summary of Fourth Quarter 2022 Additional Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
10/04/2022	10/28/2022	10/31/2022	11/15/2022	$0.02
10/04/2022	11/29/2022	11/30/2022	12/15/2022	$0.02
10/04/2022	12/15/2022	12/16/2022	12/29/2022	$0.02

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 $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit www.stelluscapital.com under the "Public (SCIC)" link.

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

FAQ

What is the declared dividend amount for SCM in Q4 2022?

Stellus Capital announced a total dividend of $0.34 per share for Q4 2022.

When will the dividends for SCM be paid?

The dividends will be paid on November 15, 2022, and December 29, 2022.

What are the key dates for SCM's Q4 2022 dividends?

Key dates include the ex-dividend date on October 28, 2022, for the first payment.

How frequently does SCM pay dividends?

SCM pays dividends monthly.

Is the dividend from SCM sustainable?

The sustainability of dividends can vary; current dividends indicate a positive cash flow.