{"id":416916,"date":"2021-01-19T09:22:53","date_gmt":"2021-01-19T14:22:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416916"},"modified":"2021-01-19T09:22:53","modified_gmt":"2021-01-19T14:22:53","slug":"stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\/","title":{"rendered":"Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, Jan.\u00a019, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (the &#8220;Company&#8221;) (NYSE: SCM) announced today that it will change its dividend payment schedule from quarterly to monthly beginning with the month ended <span class=\"xn-chron\">January 31<\/span>, 2021.\u00a0 Additionally, the Company announced that its Board of Directors has declared a monthly dividend of <span class=\"xn-money\">$0.0833<\/span> per share for each of the months of January, February and March which, in the aggregate, is <span class=\"xn-money\">$0.25<\/span> per share for the first quarter. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;I am pleased to announce that we are changing the frequency of our dividend payments from quarterly to monthly. This decision is based on the Company&#8217;s strong liquidity, stable asset quality and belief that the impact of the COVID-19 pandemic is materially behind it,&#8221; said <span class=\"xn-person\">Robert T. Ladd<\/span>, Chief Executive Officer of Stellus Capital Investment Corporation.<\/p>\n<p>\n        <b>Summary of First Quarter 2021 Regular Monthly Dividends<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Declared<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Ex-Dividend Date<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Record Date<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Payment Date<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>Amount per Share<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1\/15\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1\/28\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1\/29\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2\/16\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.0833<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1\/15\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2\/25\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2\/26\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3\/15\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.0833<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1\/15\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3\/30\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3\/31\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4\/15\/21<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.0833<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>About Stellus Capital Investment Corporation<\/b>\n      <\/p>\n<p>The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company&#8217;s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with <span class=\"xn-money\">$5.0 million<\/span> to <span class=\"xn-money\">$50.0 million<\/span> of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company&#8217;s investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3038886-1&amp;h=2349224718&amp;u=http%3A%2F%2Fwww.stelluscapital.com%2F&amp;a=www.stelluscapital.com\" rel=\"nofollow noopener noreferrer\">www.stelluscapital.com<\/a> under the &#8220;Public Investors&#8221; link.<\/p>\n<p>\n        <b>FORWARD-LOOKING STATEMENTS<\/b>\n      <\/p>\n<p>Statements included herein may contain &#8220;forward-looking statements&#8221; which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.<\/p>\n<p>\n        <b>Contacts<br \/><\/b>Stellus Capital Investment Corporation<br \/>W. <span class=\"xn-person\">Todd Huskinson<\/span>, (713) 292-5414<br \/>Chief Financial Officer<br \/><a target=\"_blank\" href=\"mailto:thuskinson@stelluscapital.com\" rel=\"nofollow noopener noreferrer\">thuskinson@stelluscapital.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA50437&amp;sd=2021-01-19\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate-301210893.html\">http:\/\/www.prnewswire.com\/news-releases\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate-301210893.html<\/a><\/p>\n<p>SOURCE  Stellus Capital Investment Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA50437&amp;Transmission_Id=202101190919PR_NEWS_USPR_____DA50437&amp;DateId=20210119\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Jan.\u00a019, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (the &#8220;Company&#8221;) (NYSE: SCM) announced today that it will change its dividend payment schedule from quarterly to monthly beginning with the month ended January 31, 2021.\u00a0 Additionally, the Company announced that its Board of Directors has declared a monthly dividend of $0.0833 per share for each of the months of January, February and March which, in the aggregate, is $0.25 per share for the first quarter. &#8220;I am pleased to announce that we are changing the frequency of our dividend payments from quarterly to monthly. This decision is based on the Company&#8217;s strong liquidity, stable asset quality and belief that the impact of the COVID-19 pandemic is materially behind it,&#8221; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416916","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Jan.\u00a019, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (the &#8220;Company&#8221;) (NYSE: SCM) announced today that it will change its dividend payment schedule from quarterly to monthly beginning with the month ended January 31, 2021.\u00a0 Additionally, the Company announced that its Board of Directors has declared a monthly dividend of $0.0833 per share for each of the months of January, February and March which, in the aggregate, is $0.25 per share for the first quarter. &#8220;I am pleased to announce that we are changing the frequency of our dividend payments from quarterly to monthly. This decision is based on the Company&#8217;s strong liquidity, stable asset quality and belief that the impact of the COVID-19 pandemic is materially behind it,&#8221; &hellip; Continue reading &quot;Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T14:22:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate\",\"datePublished\":\"2021-01-19T14:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/\"},\"wordCount\":459,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/416430\\\/Stellus_Capital_Investment_Corporation_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\\\/\",\"name\":\"Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-announces-transition-of-dividend-from-quarterly-to-monthly-and-declares-first-quarter-2021-regular-dividend-of-0-25-per-share-in-the-aggregate\/","og_locale":"en_US","og_type":"article","og_title":"Stellus Capital Investment Corporation Announces Transition of Dividend from Quarterly to Monthly and Declares First Quarter 2021 Regular Dividend of $0.25 Per Share, in the Aggregate - Market Newsdesk","og_description":"PR Newswire HOUSTON, Jan.\u00a019, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (the &#8220;Company&#8221;) (NYSE: SCM) announced today that it will change its dividend payment schedule from quarterly to monthly beginning with the month ended January 31, 2021.\u00a0 Additionally, the Company announced that its Board of Directors has declared a monthly dividend of $0.0833 per share for each of the months of January, February and March which, in the aggregate, is $0.25 per share for the first quarter. &#8220;I am pleased to announce that we are changing the frequency of our dividend payments from quarterly to monthly. 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