Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) Projected to Post Earnings on Thursday

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) is projected to post its results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.2050 per share and revenue of $10.07 million for the quarter.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock opened at $25.01 on Wednesday. The company’s 50-day moving average price is $25.16 and its 200-day moving average price is $25.26. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a twelve month low of $24.95 and a twelve month high of $27.35.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.5312 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253.

Great Elm Capital Corp. is a closed-end, externally managed business development company that invests primarily in the debt and equity securities of middle-market companies. Its investment activities are focused on providing financing to businesses that may require capital for growth, acquisitions, recapitalizations, refinancings or other corporate purposes.

The company’s portfolio may include senior secured loans, subordinated debt, unsecured debt and equity investments. Great Elm seeks to generate income from its investments while also pursuing potential long-term gains through equity positions.