Stellus Capital reports Q2 core NII 50c, consensus 45c

Robert Ladd, Chief Executive Officer of Stellus, stated, “I am pleased to report solid operating results for the quarter ended June 30, 2024, in which U.S. GAAP net investment income of $0.48 per share and core net investment income of $0.50 per share covered the regular dividend declared of $0.40 per share. Our loan portfolio is yielding 11.7%, as of June 30, 2024. We have completed over eleven years of operations, during which our investors have received a total of $262 million in distributions, equivalent to $15.75 per share.”