Great Elm Capital Corp Declares Monthly Dividend of $0.08 (GECC)

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.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Great Elm Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut shares of Great Elm Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.50.

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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.

Dividend History for Great Elm Capital (NASDAQ:GECC)

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