Great Elm Capital Group, Inc. (NASDAQ:GECC) Declares $0.37 Quarterly Dividend

Key Points

• Great Elm Capital Group, Inc. declared a quarterly dividend of $0.37 per share, payable on September 30th to shareholders of record as of September 15th, representing a 13.5% annual yield.
• The company's current dividend payout ratio is at 93.1%, which may exceed earnings next year with expectations of a future payout ratio of 105.0%.
• In its latest earnings report, Great Elm Capital Group posted earnings of $0.51 per share, beating estimates, with revenue also surpassing expectations at $14.28 million.

Great Elm Capital Group, Inc. (NASDAQ:GECC - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.37 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Monday, September 15th.

Great Elm Capital Group has a dividend payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Great Elm Capital Group to earn $1.41 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 105.0%.

Great Elm Capital Group Trading Down 0.1%

GECC stock traded down $0.01 during mid-day trading on Wednesday, reaching $10.99. 18,568 shares of the stock traded hands, compared to its average volume of 22,399. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.53. Great Elm Capital Group has a 52-week low of $8.87 and a 52-week high of $11.39. The company has a market cap of $126.82 million, a P/E ratio of 7.04 and a beta of 1.08. The stock's fifty day moving average is $10.81 and its 200-day moving average is $10.57.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The company had revenue of $14.28 million during the quarter, compared to analyst estimates of $13.25 million. Great Elm Capital Group had a net margin of 36.81% and a return on equity of 12.69%. As a group, sell-side analysts expect that Great Elm Capital Group will post 1.43 earnings per share for the current year.

Great Elm Capital Group 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.

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