Stellus Capital Investment Corporation has declared a regular dividend of $0.40 per share for the third quarter of 2024. This dividend will be distributed in three monthly increments of $0.1333 each, payable in August, September, and October 2024. The announcement reflects the company’s commitment to providing consistent returns to its shareholders and underscores its financial stability and growth prospects.
Dividend Details and Schedule
Stellus Capital Investment Corporation’s Board of Directors has approved a monthly dividend of $0.1333 for each of the months of July, August, and September. This totals $0.40 per share for the third quarter of 2024. The dividends will be paid to shareholders of record in August, September, and October. This structured payout ensures a steady income stream for investors, aligning with the company’s goal of maximizing total returns through regular income and capital appreciation.
The ex-dividend dates for these payments are set for July 10, 2024, with record dates on July 31, August 30, and September 30. Payments will be made on August 15, September 13, and October 15, respectively. This schedule provides clarity and predictability for shareholders, allowing them to plan their finances accordingly.
Company Overview and Investment Strategy
Stellus Capital Investment Corporation is an externally-managed, closed-end, non-diversified investment management company. It operates under the Investment Company Act of 1940 and focuses on investing in private middle-market companies. These companies typically have earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $5 million to $50 million.
The company’s investment strategy includes first lien, second lien, unitranche, and mezzanine debt financing, along with corresponding equity investments. This diversified approach aims to maximize total returns for shareholders through a combination of current income and capital appreciation. Stellus Capital’s investment activities are managed by Stellus Capital Management, a firm with extensive experience in middle-market investments.
Forward-Looking Statements and Financial Outlook
The announcement of the third-quarter dividend includes forward-looking statements regarding the company’s future performance and financial condition. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors influencing these outcomes include market conditions, economic trends, and the performance of the companies in which Stellus Capital invests.
Stellus Capital remains committed to transparency and regularly updates its shareholders on financial performance and strategic initiatives. The company emphasizes that forward-looking statements are not guarantees of future results and should be considered with caution. Investors are encouraged to review the company’s filings with the Securities and Exchange Commission for a comprehensive understanding of potential risks and opportunities.
