Great Elm Capital Corp. Announces Dividend of $0.05 (NASDAQ:GECC)

Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) declared a dividend on Thursday, December 19th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st.

Great Elm Capital has decreased its dividend by an average of 2.1% per year over the last three years. Great Elm Capital has a 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 tumble. Equities research 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 Stock Performance

NASDAQ:GECC traded down $0.31 during midday trading on Thursday, reaching $10.25. The stock had a trading volume of 28,893 shares, compared to its average volume of 18,458. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The stock has a market cap of $107.11 million, a P/E ratio of 14.86 and a beta of 1.61. The firm has a fifty day simple moving average of $10.17 and a two-hundred day simple moving average of $10.25. Great Elm Capital has a 12-month low of $9.55 and a 12-month high of $11.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.