Stellus Capital Investment Corporation Announces $0.40 First Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in February, March, and April 2024

Rhea-AI Summary

Stellus Capital Investment Corporation (SCM) has declared a monthly dividend of $0.1333 for January, February, and March, totaling $0.40 per share for the first quarter of 2024. The regular dividend will be paid to shareholders of record in February, March, and April 2024. The ex-dividend date, record date, and payment dates are also provided.

Insights

Financial Analyst

Dividend declarations are a critical aspect of a company's financial health and investor relations. Stellus Capital Investment Corporation's announcement of a consistent monthly dividend totaling $0.40 per share for the first quarter of 2024 indicates a stable cash flow and a commitment to returning value to shareholders. This consistency can be attractive to income-focused investors, particularly those looking for regular income streams from their investments.

From a financial perspective, the declared dividend yield, when annualized, should be compared against the industry average to assess competitiveness. Additionally, it is important to consider the payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A payout ratio that is too high may not be sustainable in the long run, while a very low ratio might suggest the company is retaining more earnings for growth or debt reduction.

Market Research Analyst

The dividend announcement by Stellus Capital may influence investor perception and can potentially impact the company's stock price. Dividend-paying stocks are often seen as less volatile, which might appeal to risk-averse investors. Moreover, the timing of the ex-dividend date is crucial, as it determines eligibility for receiving the dividend. Investors must own the stock before the ex-dividend date to receive the payment.

It's also valuable to analyze the market's reaction to such announcements historically to predict future behavior. If the market perceives the dividend as a sign of confidence by the company's management in its financial stability and future earnings, it could lead to a positive sentiment and a potential uptick in the stock's value.

HOUSTON, Jan. 15, 2024 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that its Board of Directors has declared a monthly dividend of $0.1333 for each of January, February, and March, totaling $0.40 per share in the aggregate for the first quarter of 2024. The regular dividend of $0.40 per share will be paid to shareholders of record in February, March, and April 2024.

Summary of First Quarter 2024 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
1/13/2024	1/30/2024	1/31/2024	2/15/2024	$0.1333
1/13/2024	2/28/2024	2/29/2024	3/15/2024	$0.1333
1/13/2024	3/28/2024	3/29/2024	4/15/2024	$0.1333

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 dividend amount declared by Stellus Capital Investment Corporation for the first quarter of 2024?

The dividend amount declared for the first quarter of 2024 is $0.1333 per share for each of January, February, and March, totaling $0.40 per share.

When will the regular dividend be paid to shareholders of Stellus Capital Investment Corporation?

The regular dividend will be paid to shareholders of record in February, March, and April 2024.

What are the ex-dividend date, record date, and payment date for the regular dividend declared by Stellus Capital Investment Corporation?

The ex-dividend date is 1/13/2024, the record date is 1/30/2024, and the payment date is 2/15/2024 for the first installment of the regular dividend.