CEO Robert Ladd stated, “I am pleased to report solid operating results for the quarter ended March 31, 2024, in which net asset value grew by 15c per share and U.S. GAAP net investment income of 42c per share and core net investment income of 44c per share covered the regular dividend declared of 40c per share. Our loan portfolio is yielding 11.9%, as of March 31, 2024. We have completed over eleven years of operations, during which our investors have received a total of $252M in distributions, equivalent to $15.35 per share.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCM:
- Stellus Capital Investment Corporation Reports Results for its First Fiscal Quarter Ended March 31, 2024
- SCM Earnings this Week: How Will it Perform?
- Stellus Capital Investment Corporation Announces Ex-Dividend Date Changes to its $0.40 Second Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2024
- Stellus Capital Investment Corporation Announces $0.40 Second Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2024
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue