Great Elm Capital Group, Inc. (NASDAQ:GECC) Declares $0.25 Quarterly Dividend

Great Elm Capital Group, Inc. (NASDAQ:GECC) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 17.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Great Elm Capital Group has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a dividend payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Great Elm Capital Group to earn $0.84 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 119.0%.

Great Elm Capital Group Trading Up 8.1%

Shares of Great Elm Capital Group stock traded up $0.42 on Thursday, reaching $5.58. The company had a trading volume of 44,360 shares, compared to its average volume of 84,198. The firm has a market cap of $77.50 million, a price-to-earnings ratio of -2.33 and a beta of 0.77. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.91 and a quick ratio of 0.91. Great Elm Capital Group has a 1 year low of $4.63 and a 1 year high of $11.45. The firm’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.77.

Great Elm Capital Group (NASDAQ:GECC) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $14.74 million for the quarter, compared to analysts’ expectations of $11.32 million. Great Elm Capital Group had a negative net margin of 70.13% and a positive return on equity of 14.16%. As a group, research analysts predict that Great Elm Capital Group will post 1.1 earnings per share for the current fiscal year.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.