Great Elm Capital Corp (NASDAQ:GECC) announced a monthly dividend on Tuesday, March 13th, Wall Street Journal reports. Stockholders of record on Friday, June 29th will be paid a dividend of 0.083 per share by the financial services provider on Monday, July 16th. This represents a $1.00 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend is Thursday, June 28th.
Shares of Great Elm Capital (NASDAQ GECC) opened at $9.74 on Wednesday. Great Elm Capital has a 12 month low of $8.76 and a 12 month high of $11.67. The firm has a market cap of $103.60, a price-to-earnings ratio of -42.35 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.49.
Great Elm Capital (NASDAQ:GECC) last announced its earnings results on Monday, March 12th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.31. Great Elm Capital had a negative net margin of 9.26% and a positive return on equity of 11.54%. The business had revenue of $9.71 million for the quarter, compared to the consensus estimate of $6.02 million. sell-side analysts expect that Great Elm Capital will post 1.24 EPS for the current year.
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Great Elm Capital Company Profile
Great Elm Capital Corp. is a closed-end, non-diversified management investment company. The Company is focused on generating interest and capital appreciation by investing in the capital structures of middle-market companies that operate in a range of industries. The Company also focuses on making multi-year investments, primarily in secured and senior unsecured debt instruments that it purchases in the secondary markets, though it may also originate investments or acquire them directly from issuers.
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