5 Best Micro-Cap Dividend Stocks To Buy Now

4. Stellus Capital Investment Corporation (NYSE:SCM)

Dividend Yield as of November 30: 8.17%

Stellus Capital Investment Corporation (NYSE:SCM) is an American credit management company that mainly invests in lower middle market companies. In Q3 2022, the company reported a total investment income of $20.1 million, which showed an 18.3% growth from the prior-year period. At the end of September, the company had over $12.4 million in cash and cash equivalents, and its total assets for the period amounted to $889 million.

Stellus Capital Investment Corporation (NYSE:SCM) currently pays a quarterly dividend of $0.933 per share. In October, the company also announced a special dividend of $0.02 per share, which was the company’s second consecutive supplemental dividend. This makes the company one of the best dividend stocks. As of November 30, the stock has a dividend yield of 8.17%.

Janney Montgomery initiated its coverage of Stellus Capital Investment Corporation (NYSE:SCM) with a Neutral rating. The firm highlighted the company’s acquisitions, growth capital, and leveraged buyouts.

At the end of Q3 2022, Two Sigma Advisors was the only hedge fund owning stakes in Stellus Capital Investment Corporation (NYSE:SCM), worth $996 million.