Great Elm Capital Corp. (NASDAQ:GECC) to Issue Quarterly Dividend of $0.37

Great Elm Capital Corp. (NASDAQ:GECC) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.37 per share by the financial services provider on Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 13.92%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Great Elm Capital’s previous quarterly dividend of $0.35.

Great Elm Capital has decreased its dividend payment by an average of 2.1% annually over the last three years. Great Elm Capital has a dividend payout ratio of 98.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Great Elm Capital to earn $1.41 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 99.3%.

Great Elm Capital Trading Up 3.8 %

GECC traded up $0.39 during trading on Tuesday, hitting $10.63. The company’s stock had a trading volume of 68,606 shares, compared to its average volume of 18,291. The firm has a market capitalization of $111.08 million, a P/E ratio of 14.97 and a beta of 1.61. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The stock’s fifty day moving average price is $10.15 and its 200-day moving average price is $10.25. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83.

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.