Stellus Capital: This 12% Yield Is Too Good To Miss

PM Images Stellus Capital Investment Corporation (NYSE:SCM) is a solid buy for passive income on the pullback, in my view. The business development company covered its dividend with net investment income in 1Q24 and though the pay-out ratio has risen QoQ, I think that the dividend is reasonably safe, particularly in a moderate inflation environment that incentivizes the central bank to keep interest rates steady at the present level. As Stellus Capital Investment also exposed to a high percentage of floatin ...