SCM - Stellus Capital: 12% Yield 125% Dividend Coverage NAV/Share Growth

2024-03-08 08:15:00 ET

Summary

• Stellus Capital Management offers a well-diversified portfolio of debt and equity investments with a 12.5% dividend yield.
• SCM has a solid track record of shareholder returns, with a 159% total return over the past 10 years, and it has seen NAV/share growth in the latest quarter.
• The company's asset quality is better than management's target, with only 1.3% of the loan portfolio on non-accrual status.

It remains a great time to be an income investor, especially for those who are simply not interested in chasing growth at all costs. That's because chasing growth may be the opposite of sleeping well at night, since any negative news can derail a stock that's priced for near-perfect execution, as what we saw with Apple ( AAPL ) this week....

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