Great Elm Capital Corp. (NASDAQ:GECC) Declares $0.35 Quarterly Dividend

Great Elm Capital Corp. (NASDAQ:GECC) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.35 per share by the financial services provider on Monday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 13.66%. The ex-dividend date is Monday, September 16th.

Great Elm Capital has decreased its dividend payment by an average of 2.1% per year over the last three years. Great Elm Capital has a dividend payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Great Elm Capital to earn $1.54 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 90.9%.

Great Elm Capital Trading Down 4.9 %

Shares of GECC stock traded down $0.53 on Friday, hitting $10.25. The stock had a trading volume of 12,449 shares, compared to its average volume of 17,821. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $107.11 million, a P/E ratio of 4.66 and a beta of 1.60. Great Elm Capital has a 1 year low of $8.38 and a 1 year high of $11.82. The company’s 50 day moving average price is $10.40 and its 200-day moving average price is $10.49.

Great Elm Capital (NASDAQ:GECC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $9.55 million for the quarter, compared to analyst estimates of $9.77 million. Great Elm Capital had a return on equity of 11.97% and a net margin of 27.61%. During the same period in the previous year, the firm earned $0.44 earnings per share. Analysts anticipate that Great Elm Capital will post 1.5 earnings per share for the current year.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.