Stellus Capital Investment Corp Stock News

Key Points Passive income is a steady stream of unearned income that doesn't require active traditional work.

Stellus Capital Investment Corporation (SCM) Q3 2024 Earnings Call Transcript

HOUSTON , Nov. 7, 2024 /PRNewswire/ -- Stellus Capital Investment Corporation (NYSE:SCM) ("Stellus", "we", or the "Company") today announced financial results for its fiscal quarter ended September 30, 2024. Robert T. Ladd, Chief Executive Officer of Stellus, stated, "I am pleased to report solid operating results for the quarter ended September 30, 2024, in which we earned U.S. GAAP net invest...

24/7 Wall St. Insights Inflation has perked back up, ensuring just a 25-basis-point cut in November.

HOUSTON , Oct. 30, 2024 /PRNewswire/ -- Stellus Capital Investment Corporation (NYSE: SCM) will release its financial results for the third quarter ended September 30, 2024 on Thursday, November 7, 2024, after the close of the stock market. Stellus Capital Investment Corporation will host a conference call to discuss these results on Friday, November 8, 2024 at 11:00 AM, Central Time.

24/7 Wall St. Insights Passive income is a steady stream of unearned income that doesn't require active traditional work.

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...

Stellus Capital's price has retracted, making it a potential entry point for income-focused investors, with a high dividend yield of 11.6% and strong distribution coverage. SCM's portfolio of floating rate debt and first lien senior secured investments provides risk mitigation and benefits from elevated interest rates. Despite a slight increase in non-accrual rates, the Company's portfolio rema...