Stellus Capital Investment Corporation Increases Regular Dividend to $0.27 Per Share and Declares Supplemental Dividends

Rhea-AI Summary

Stellus Capital Investment Corporation (NYSE: SCM) announced a monthly dividend increase to $0.27 per share for July, August, and September, up by $0.02 from the previous quarter. Additionally, a supplemental dividend of $0.01 per share is declared for each of these months. The ex-dividend dates are July 29, August 30, and September 29, with payment dates set for August 13, September 15, and October 15, respectively. This reflects the company’s commitment to returning value to shareholders.

Positive

• Monthly dividend increased to $0.27 per share, enhancing shareholder income.
• Supplemental dividend of $0.01 per share declared for each month, indicating strong financial health.

Negative

• None.

HOUSTON, July 20, 2021 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced today that its Board of Directors has declared a regular monthly dividend for each of July, August and September for an aggregate of $0.27 per share, which is an increase of $0.02 for the quarter as compared to the prior quarter.  In addition, the board has declared a supplemental dividend of $0.01 for each of the months of July, August and September.           

Summary of Third Quarter 2021 Regular and Supplemental Monthly Dividends
Declared	Ex-Dividend Date	Record Date	Payment Date	Regular Amount per Share	Supplemental Amount per Share	Total Amount per Share
7/19/21	7/29/21	7/30/21	8/13/21	$0.09	$0.01	$0.10
7/19/21	8/30/21	8/31/21	9/15/21	$0.09	$0.01	$0.10
7/19/21	9/29/21	9/30/21	10/15/21	$0.09	$0.01	$0.10

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 declared by Stellus Capital Investment Corporation (SCM)?

The declared monthly dividend is $0.27 per share for July, August, and September.

When are the ex-dividend dates for the SCM dividend?

The ex-dividend dates are July 29, August 30, and September 29, 2021.

What are the payment dates for the dividends declared by SCM?

The payment dates are August 13, September 15, and October 15, 2021.

Is the increase in the dividend for Stellus Capital Investment Corporation sustainable?

The increase in the dividend suggests financial health, but ongoing performance should be monitored.