Stellus Capital Investment Corporation Maintains $0.25 Quarterly Dividend and Targets $100M Portfolio Expansion
Stellus Capital Investment Corporation (SCM) reported its third-quarter financial results, confirming the generation of $0.25 per share in GAAP net investment income. When excluding estimated excise taxes, core net investment income rose slightly to $0.26 per share, supporting the company's ability to maintain its quarterly dividend. Looking forward, the company is focusing on growth through its SBIC III program, with management targeting a portfolio expansion of up to $100 million. This strategic move aims to scale the investment vehicle and enhance long-term value for shareholders.
Tickers: $SCM
Topics: core net investment income earnings report GAAP net investment income