Stellus Capital Investment Corporation Declares Third Quarter 2020 Regular Dividend of $0.25 Per Share

Rhea-AI Summary

On July 29, 2020, Stellus Capital Investment Corporation (NYSE: SCM) announced a regular quarterly dividend of $0.25 per share for Q3 2020. The ex-dividend date is set for September 14, 2020, while the record date is September 15, 2020. Shareholders can expect payment on September 30, 2020. Stellus Capital aims to provide total returns through investments in private middle-market companies, primarily using various debt financing methods.

Positive

• Declared a quarterly dividend of $0.25 per share, signaling ongoing income for shareholders.
• Anticipated payment date of September 30, 2020, provides a clear timeline for investors.

Negative

• None.

HOUSTON, Aug. 4, 2020 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that on July 29, 2020, its Board of Directors declared a regular quarterly dividend for the third quarter of 2020 of $0.25 per share.

Third Quarter 2020 Regular Quarterly Dividend

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
7/29/20	9/14/20	9/15/20	9/30/20	$0.2500

 

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 for Stellus Capital Investment Corporation (SCM)?

Stellus Capital Investment Corporation has declared a dividend of $0.25 per share for Q3 2020.

When is the ex-dividend date for SCM?

The ex-dividend date for Stellus Capital Investment Corporation is September 14, 2020.

What is the payment date for the SCM dividend?

The payment date for the dividend is September 30, 2020.

What is the investment focus of Stellus Capital Investment Corporation (SCM)?

Stellus Capital focuses on investing in private middle-market companies through various debt financing methods.