Stellus Capital Investment (SCM) Reports In-Line Q4 EPS

Stellus Capital Investment (NYSE: SCM) reported Q4 EPS of $0.32, in-line with the analyst estimate of $0.32.

In describing the Company's 2019 activities, Robert T. Ladd, Chairman and Chief Executive Officer, stated, "Upon completion of our seventh full year of operations, we are pleased to report a strong year in which we covered our dividend from realized earnings, grew the portfolio by $124 million (at fair value), increased net asset value, secured a second SBIC license, and generated net realized gains of $19.6 million. Approximately 60% of the 2019 dividends were characterized as long term capital gains on our shareholders' Form 1099. Finally, our credit facility was increased from a total commitment of $180 million to $220 million during the year positioning, us for continued growth in 2020."

For earnings history and earnings-related data on Stellus Capital Investment (SCM) click here.

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• Ferrari names new chief marketing officer, effective July 2026
• Worthington Enterprises raises dividend 5%, adds board member