Stellus Private Credit BDC Sets Q4 Dividend at $0.31 Per Share

The Houston-based business development company confirmed the payment schedule for the final quarter of the year. Shareholders of record will receive their distributions on the last business day of each month, starting October 30, followed by November 30 and December 31. This payout structure aligns with the company's strategy of providing consistent income to investors in its closed-end, non-diversified fund.

Stellus focuses on middle-market companies with EBITDA ranging from $5 million to $50 million. Managed by Stellus Private BDC Advisor, LLC, the firm primarily targets first lien and unitranche loans, often coupling these debt investments with equity stakes to drive capital appreciation alongside current income. Chief Financial Officer W. Todd Huskinson oversees the financial disclosures for the firm, which operates under the regulatory framework of the Investment Company Act of 1940.