houston, January 12, 2023 /PRNewswire/ — Stella Capital Investment Corporation (the “Company”) (NYSE: SCM) has announced that its board of directors has declared a monthly dividend. $0.1333 Total for January, February, and March $0.40 Q1 2023 total per share. Robert T. RuddThe CEO of Stellus said: $0.40 Paid monthly, in total, per share. This dividend reflects a 43% increase in the regular dividend for the fourth quarter. $0.28 18% increase per share or combined Q4 dividend $0.34 per share including regular dividend of $0.28 + additional dividend per share $0.06 per share. This dividend increase reflects our ability to generate more returns in this high interest rate environment, where our loan portfolio is at floating rates of 95% or higher and our liability structure is at fixed rates of 65% or higher. $0.40 January, February and March 2023.
Q1 2023 Regular Monthly Dividend Summary
|
declared |
ex-dividend date |
Record date |
Payment date |
Amount per share |
|
January 11, 2023 |
January 30, 2023 |
January 31, 2023 |
February 15, 2023 |
$0.1333 |
|
January 11, 2023 |
February 27, 2023 |
2023/2/28 |
March 15, 2023 |
$0.1333 |
|
January 11, 2023 |
March 30, 2023 |
March 31, 2023 |
April 14, 2023 |
$0.1333 |
About Stella Capital Investment Corporation
The Company is an externally controlled, closed-end, non-diversified investment management company electing to be regulated as a business development company under the Investment Companies Act of 1940. Our investment objective is to maximize the total return to shareholders. Predominantly private mid-market companies (usually $5 million To $50 million EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unittranche and mezzanine debt financing and corresponding equity investments. Our investment activities are managed by our investment advisor, Stealth Capital Management. For more information about Stealth Capital Investment Corporation, please visit the Public (SCIC) link at www.stelluscapital.com.
Forward-Looking Statements
Statements contained herein may include “forward-looking statements” relating to future performance or financial condition. Statements other than statements of historical fact contained in this press release may constitute forward-looking statements and are not guarantees of future performance or results and make many assumptions that may change over time. , involves risks and uncertainties. Actual results may not be forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission, including our definitive prospectus filed with the Securities and Exchange Commission. It can be very different from what you expected. Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements contained herein. All forward-looking statements speak only as of the date of this press release.
contact address
Stella Capital Investment Corporation
W. Todd Haskinson(713) 292-5414
CFO
[email protected]
SOURCE Stella Capital Investment Corporation