Key Highlights

  • The board declared monthly dividends of $0.0833 for July, August and September, totaling $0.25 per share for the third quarter.
  • The September installment has a September 30 Record Date and is payable October 15, 2026.
  • Second-quarter net Investment income was $7.53 million, or $0.26 per share, and NAV per share was $12.80 at June 30.
  • Portfolio Fair Value was $968.2 million across 116 portfolio companies, with $18 million funded and $49 million repaid.

Overview

Stellus Capital Investment Corporation (NYSE:SCM) declared monthly dividends of $0.0833 per share for July, August and September 2026. The September installment is payable October 15 to holders of record on September 30 and yields 13.07%. Second-quarter net investment income was $0.26 per share, and NAV per share was $12.80 at June 30, 2026.

Distribution Program and Shareholder Returns

The board declared the third-quarter regular Dividend on July 16, 2026, in three monthly installments of $0.0833 per share, totaling $0.25 per share. The installments carry record dates of July 31, August 31 and September 30, with payment dates of August 14, September 15 and October 15.

The September installment trades ex-dividend on September 30. For the second quarter, the company declared $0.34 per share in aggregate.

About the Company

Stellus Capital Investment Corporation is a closed-end investment company that finances privately held mid-market companies. Its investments are structured mainly as first Lien loans, together with complementary Equity positions. Income depends on portfolio yields, financing costs and the Credit performance of the companies it lends to.

Second-Quarter Investment Income and NAV

Total investment income was $22.3 million for the three months ended June 30, 2026, and $45.6 million for the six months. Net investment income was $7.53 million, or $0.26 per share, compared with $9.56 million, or $0.34 per share, a year earlier.

Chief Executive Officer Robert T. Ladd said the company earned both GAAP net investment income and core net investment income of $0.26 per share, and net realized income of $0.01 per share.

Net increase in net Assets from operations was $16.21 million, or $0.56 per share, compared with $10.15 million, or $0.36 per share, in the second quarter of 2025. NAV per share was $12.80, and net assets were $367.0 million.

Portfolio, Yield and Financing

The portfolio had a fair value of $968.2 million across 116 portfolio companies, of which 98 were Debt investments. The company funded $18 million of investments and received $49 million of repayments during the quarter.

The weighted average yield was 9.0% on debt and other income-producing investments, made up of 7.9% cash, 0.8% payment in kind and 0.3% fee amortization. On total investments, the weighted average yield was 8.4%.

Credit Facility borrowings were $222.2 million at June 30 and $211.7 million as of August 10. SBA-guaranteed debentures were $257.3 million, and cash was $5.14 million. Six-month net investment income was $15.03 million, or $0.52 per share, compared with $19.35 million, or $0.69 per share, a year earlier.

Outlook

Net investment income per share relative to the monthly dividend, portfolio yields, credit facility borrowings, repayment activity and NAV per share are the relevant considerations. The second quarter is the most recent reported period, and the board's declarations for the third quarter are the latest dividend action.