Stellus Capital Q4 net investment income $0.29

Portfolio reached $1.01B as Stellus earned $0.29 per share in Q4 and declared $0.40 in dividends, with a $335M credit facility and $365M accordion capacity.

Mar. 11, 2026 at 8:52pm

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Stellus Capital Investment Corporation announced financial results for its fiscal quarter and year ended December 31, 2025, reporting net investment income of $0.29 per share in Q4 and declaring $0.40 in dividends. The company's total portfolio reached $1.01 billion at fair value, funded $52 million of new investments, and received $54 million in repayments during the quarter.

Why it matters

Stellus Capital has faced some market volatility and uncertainty, but has maintained a strong investment portfolio and continued to provide returns to shareholders through dividends. The company's ability to navigate the current environment and deploy capital into new opportunities highlights its resilience.

The details

Stellus Capital reported net investment income of $0.29 per share in Q4 2025, with core net investment income of $0.29 per share. The company funded $52 million of new investments and received $54 million in repayments, bringing its total portfolio to $1.01 billion at fair value. Stellus also declared $0.40 per share in dividends for the quarter.

  • On December 31, 2025, Stellus prepaid the remaining $50.0 million in aggregate principal of the 4.875% fixed-rate notes due 2026 in full.
  • As of December 31, 2025, Stellus had $236.6 million in outstanding borrowings under its $335.0 million credit facility.

The players

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What they’re saying

“I am pleased to report solid operating results for the quarter ended December 31, 2025, in which we earned both U.S. GAAP net and core investment income of $0.29 per share and net realized income of $0.48 per share.”

— Robert T. Ladd, Chief Executive Officer (Stellus Capital Investment Corporation)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.