Great Elm Capital Corp. (GECC) To Go Ex-Dividend on March 17th

Great Elm Capital Corp. (NASDAQ:GECC) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders 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 13.60%. The ex-dividend date of this dividend is Monday, March 17th. This is a 5.7% increase from Great Elm Capital’s previous quarterly dividend of $0.35.

Great Elm Capital has decreased its dividend by an average of 16.5% per year over the last three years.

Great Elm Capital Stock Performance

Shares of GECC stock opened at $10.88 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.11 and a current ratio of 0.11. Great Elm Capital has a 1 year low of $9.55 and a 1 year high of $11.39. The stock’s 50-day moving average is $10.75 and its two-hundred day moving average is $10.41. The firm has a market cap of $125.60 million, a price-to-earnings ratio of 15.77 and a beta of 1.52.

Great Elm Capital (NASDAQ:GECC) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.15). The company had revenue of $9.10 million for the quarter, compared to analyst estimates of $11.46 million. Great Elm Capital had a return on equity of 11.60% and a net margin of 15.00%. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts predict that Great Elm Capital will post 1.43 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.