Great Elm Capital Group, Inc. (NASDAQ:GECC) Plans $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) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors 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 dividend 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 decline. 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 Stock Performance

NASDAQ:GECC remained flat at $10.95 during mid-day trading on Friday. The company had a trading volume of 36,515 shares, compared to its average volume of 24,194. The firm's 50 day moving average price is $10.84 and its 200 day moving average price is $10.58. Great Elm Capital Group has a 1 year low of $8.87 and a 1 year high of $11.39. The company has a market capitalization of $126.69 million, a price-to-earnings ratio of 7.02 and a beta of 1.08. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.40.

Great Elm Capital Group (NASDAQ:GECC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. Great Elm Capital Group had a return on equity of 12.49% and a net margin of 36.81%. The firm had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.25 million. As a group, equities research 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.