Robert T. Ladd, Chief Executive Officer of Stellus, stated, “I am pleased to report solid operating results for the quarter ended December 31, 2023, in which U.S. GAAP net investment income of $0.49 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 11.9%, as of December 31, 2023. We have concluded over eleven years of operations, during which our investors have received a total of $246 million in distributions, equivalent to $15.08 per share.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SCM:
- Options Volatility and Implied Earnings Moves Today, March 04, 2024
- SCM Upcoming Earnings Report: What to Expect?
- Stellus Capital announces 40c regular dividend for Q1 2024
- Stellus Capital Investment Corporation Announces $0.40 First Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in February, March, and April 2024
- Stellus Capital downgraded to Sell from Neutral at B. Riley
Questions or Comments about the article? Write to editor@tipranks.com