Stellus Capital Investment Corporation Announces $0.34 Third Quarter 2022 Regular and Additional Dividends, Payable Monthly in Increments of $0.1133 in August, September, and October 2022

Rhea-AI Summary

Stellus Capital Investment Corporation (NYSE: SCM) has declared a monthly dividend of $0.0933 and an additional dividend of $0.02 for July, August, and September 2022, totaling $0.34 per share for the third quarter. The regular dividend will be paid alongside an additional dividend, constituting $0.34 in total for shareholders of record. Key dates include the ex-dividend dates on July 28, August 30, and September 29, with payment dates scheduled for August 15, September 15, and October 14.

Positive

• Regular monthly dividends of $0.0933 per share boost shareholder income.
• Total dividend payout of $0.34 per share demonstrates ongoing company confidence.

Negative

• None.

HOUSTON, July 14, 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 July, August and September, totaling $0.34 per share in the aggregate for the third 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 July, August, and September 2022.

Summary of Third Quarter 2022 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
7/13/2022	7/28/2022	7/29/2022	8/15/2022	$0.0933
7/13/2022	8/30/2022	8/31/2022	9/15/2022	$0.0933
7/13/2022	9/29/2022	9/30/2022	10/14/2022	$0.0933

Summary of Third Quarter 2022 Additional Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
7/13/2022	7/28/2022	7/29/2022	8/15/2022	$0.02
7/13/2022	8/30/2022	8/31/2022	9/15/2022	$0.02
7/13/2022	9/29/2022	9/30/2022	10/14/2022	$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 Investors" 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 dividend amount for SCM in Q3 2022?

The total dividend amount for SCM in Q3 2022 is $0.34 per share.

When is the payment date for SCM's Q3 2022 dividends?

The payment dates for SCM's Q3 2022 dividends are August 15, September 15, and October 14, 2022.

What are the ex-dividend dates for SCM's Q3 2022 dividends?

The ex-dividend dates for SCM's Q3 2022 dividends are July 28, August 30, and September 29, 2022.

Is the dividend for SCM sustainable?

The sustainability of SCM's dividends will depend on future financial performance and market conditions.