HOUSTON, November 3, 2022 /PRNewswire/ — Stellus Capital Investment Corporation SCM (“Stellus” or the “Company”) today announced financial results for the just ended third fiscal quarter 09/30/2022.
Robert T LaddStellus Chief Executive Officer, stated, “I am pleased to report strong results for the third quarter as we exceeded our regular dividend with GAAP and Core net investment income and expanded our portfolio $872 million at fair value and with the same asset quality. The performance of our portfolio companies remains stable. We are benefiting from the rising interest rate environment as the yield on our loan portfolio has increased by 140 basis points since the end of the second quarter. In October, in addition to our regular dividend of $0.28 per quarter overall, our Board of Directors declared an additional dividend of $0.06 overall for the fourth quarter. Those dividends add up $0.34 per share total, payable in monthly installments, for the fourth quarter.”
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FINANCIAL HIGHLIGHTS |
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($ in millions, except data relating to amounts per share and shares outstanding) |
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Three months ended |
Nine months over |
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09/30/2022 |
09/30/2022 |
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Crowd |
per share |
Crowd |
per share |
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Net investment income |
$7.19 |
$0.37 |
$18.88 |
$0.97 |
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Core Net Investment Income (1) |
6.90 |
0.35 |
18.27 |
0.94 |
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Net realized gains on investments |
1.55 |
0.08 |
4.66 |
0.24 |
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Net realized loss on foreign exchange |
– |
– |
(0.01) |
– |
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Realize totallyd income (2) |
8.74 |
0.45 |
23.53 |
1.20 |
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distributions |
(6.64) |
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