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

Great Elm Capital Corp. (NASDAQ:GECC) declared a dividend on Thursday, December 19th,NASDAQ Dividends reports. Stockholders 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 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 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 Down 2.9 %

Great Elm Capital stock opened at $10.25 on Friday. The stock’s 50 day moving average price is $10.17 and its 200 day moving average price is $10.25. The company has a market cap of $107.11 million, a PE ratio of 14.86 and a beta of 1.61. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11. Great Elm Capital has a 1-year low of $9.55 and a 1-year 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.