Stellus Capital Investment Corporation Declares Fourth Quarter 2020 Regular Dividend of $0.25 Per Share and Special Dividend of $0.06 Per Share

Rhea-AI Summary

On September 13, 2020, Stellus Capital Investment Corporation (NYSE: SCM) declared a quarterly dividend of $0.25 per share and a special dividend of $0.06 per share for the fourth quarter of 2020. The ex-dividend date is set for December 14, 2020, and the payment date for these dividends is December 29, 2020. This announcement underlines the company's commitment to providing returns to its shareholders.

Positive

• Regular quarterly dividend of $0.25 per share indicates strong financial health.
• Special dividend of $0.06 per share shows confidence in continued profitability.

Negative

• None.

HOUSTON, Sept. 15, 2020 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that on September 13, 2020, its Board of Directors declared a regular quarterly dividend for the fourth quarter of 2020 of $0.25 per share and a special dividend of $0.06 per share.

Fourth Quarter 2020 Regular Quarterly and Special Dividend

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
9/13/20	12/14/20	12/15/20	12/29/20	$0.2500
9/13/20	12/14/20	12/15/20	12/29/20	$0.0600

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 Q4 2020?

The dividend amount for SCM in Q4 2020 is $0.25 per share for the regular quarterly dividend and $0.06 per share for the special dividend.

When is the payment date for the SCM dividend?

The payment date for the SCM dividend is December 29, 2020.

What is the ex-dividend date for SCM's Q4 2020 dividend?

The ex-dividend date for SCM's Q4 2020 dividend is December 14, 2020.

Is the dividend for SCM sustainable?

The sustainability of SCM's dividend will depend on the company's future financial performance and profitability.