Stellus Capital (SCM) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.51 per share a year ago.
Stellus Capital Investment Corporation is a solid buy for passive income on the pullback. The company is positioned to profit from a higher-for-longer rate environment. The stock is selling at a moderate premium to net asset value.