Stellus Capital Investment Corporation Announces $0.40 Fourth Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in November and December 2024, and January 2025

Rhea-AI Summary

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

Positive

• Consistent quarterly dividend of $0.40 per share maintained
• Monthly dividend payments provide regular income to shareholders

Negative

• None.

Insights

Financial Analyst

The announcement of Stellus Capital Investment 's (SCM) quarterly dividend of $0.40 per share, paid monthly at $0.1333, is a positive signal for investors. This consistent dividend payout demonstrates the company's commitment to shareholder returns and suggests confidence in their financial stability.

For a company with a market cap of $363,230,429, this dividend represents an annualized yield of approximately 9.6% based on the current stock price. This is an attractive yield in the current market environment, especially for income-focused investors.

The decision to maintain the dividend at previous levels indicates that SCM's management believes their business model and cash flow can sustain this payout. However, investors should monitor the company's earnings and payout ratio to ensure the dividend remains sustainable in the long term.

While this news is positive, it's important to note that it doesn't provide new information about the company's underlying performance or growth prospects. Investors should look to upcoming earnings reports for a more comprehensive view of SCM's financial health and future outlook.

HOUSTON, Oct. 10, 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 October, November, and December, totaling $0.40 per share in the aggregate for the fourth quarter of 2024. The regular dividend of $0.40 per share will be paid to shareholders of record in November and December 2024, and January 2025.

Summary of Fourth Quarter 2024 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
10/10/2024	10/31/2024	10/31/2024	11/15/2024	$0.1333
10/10/2024	11/29/2024	11/29/2024	12/13/2024	$0.1333
10/10/2024	12/31/2024	12/31/2024	01/15/2025	$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 Stellus Capital Investment 's (SCM) dividend for Q4 2024?

Stellus Capital Investment (SCM) has declared a total dividend of $0.40 per share for Q4 2024, paid in three monthly installments of $0.1333 each.

When will SCM pay its Q4 2024 dividends?

SCM will pay its Q4 2024 dividends on November 15, 2024, December 13, 2024, and January 15, 2025.

What are the record dates for SCM's Q4 2024 dividend payments?

The record dates for SCM's Q4 2024 dividend payments are October 31, 2024, November 29, 2024, and December 31, 2024.

How much is each monthly dividend payment for SCM in Q4 2024?

Each monthly dividend payment for SCM in Q4 2024 is $0.1333 per share.