Stellus Capital Investment Corp Stock News

Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

Investors are drawn to dividend stocks, particularly the ultra-high-yield variety.

Stellus Capital Investment's dividend pay-out ratio reached 100% in Q3, eliminating the margin of safety and increasing dividend risk. The rise in non-accruals to 4.7% and higher realized losses justify downgrading the stock rating from 'Buy' to 'Hold'. Despite new loans boosting future net investment income, the current high pay-out ratio and credit quality concerns outweigh potential benefits.

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.