Stellus Capital Investment Corporation Announces $0.40 Third Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in August, September, and October 2024

Rhea-AI Summary

Stellus Capital Investment (NYSE: SCM) announced a regular third-quarter dividend for 2024, totaling $0.40 per share. The dividend will be distributed in three monthly increments of $0.1333 each, payable in August, September, and October 2024. The Board of Directors declared these dividends on July 10, 2024. The ex-dividend dates are July 31, August 30, and September 30, with corresponding record dates, and payment dates on August 15, September 13, and October 15, 2024, respectively.

Positive

• Declared a total dividend of $0.40 per share for Q3 2024.
• Monthly dividend payments of $0.1333 in August, September, and October 2024.

Negative

• None.

HOUSTON, July 11, 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 July, August, and September, totaling $0.40 per share in the aggregate for the third quarter of 2024. The regular dividend of $0.40 per share will be paid to shareholders of record in August, September, and October 2024.

Summary of Third Quarter 2024 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
7/10/2024	7/31/2024	7/31/2024	8/15/2024	$0.1333
7/10/2024	8/30/2024	8/30/2024	9/13/2024	$0.1333
7/10/2024	9/30/2024	9/30/2024	10/15/2024	$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 third-quarter 2024 dividend for Stellus Capital Investment (SCM)?

Stellus Capital Investment (SCM) declared a total dividend of $0.40 per share for the third quarter of 2024.

How will Stellus Capital pay its Q3 2024 dividend?

The Q3 2024 dividend will be paid in three monthly increments of $0.1333 each, in August, September, and October 2024.

When are the record dates for Stellus Capital's Q3 2024 dividend?

The record dates for the Q3 2024 dividend are July 31, August 30, and September 30, 2024.

When will Stellus Capital's Q3 2024 dividends be paid?

The payments for the Q3 2024 dividends will be made on August 15, September 13, and October 15, 2024.