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| Pick Up This Cheap 9.9% Yielder Even Lower Than Director Bilger DidBy Dividend Channel Staff, Thursday, June 23, 11:13 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 17, Stellus Capital Investment Corporation's Director, Bruce R. Bilger, invested $199,113.05 into 17,543 shares of SCM, for a cost per share of $11.35. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of Stellus Capital Investment Corporation (NYSE:SCM) and achieve a cost basis even cheaper than Bilger, with shares changing hands as low as $11.33 per share. Stellus Capital Investment Corporation shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of SCM shares, versus its 200 day moving average:
Looking at the chart above, SCM's low point in its 52 week range is $11.02 per share, with $14.74 as the 52 week high point — that compares with a last trade of $11.39. By comparison, below is a table showing the prices at which SCM insider buying was recorded over the last six months:
The current annualized dividend paid by Stellus Capital Investment Corporation is $1.1196/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 06/29/2022. Below is a long-term dividend history chart for SCM, which can be of good help in judging whether the most recent dividend with approx. 9.9% annualized yield is likely to continue.
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