Great Elm Capital Corp. (NASDAQ:GECC - Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.35 per share by the financial services provider on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 13.71%. The ex-dividend date is Friday, June 14th.
Great Elm Capital has decreased its dividend by an average of 2.1% annually over the last three years. Great Elm Capital has a payout ratio of 86.4% indicating that 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 to earn $1.68 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 83.3%.
Great Elm Capital Trading Down 0.4 %
Shares of Great Elm Capital stock traded down $0.04 on Friday, hitting $10.21. 12,106 shares of the company's stock traded hands, compared to its average volume of 12,743. Great Elm Capital has a one year low of $7.51 and a one year high of $11.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $96.50 million, a PE ratio of 4.64 and a beta of 1.53. The firm's 50-day moving average price is $10.53 and its two-hundred day moving average price is $10.39.
Great Elm Capital (NASDAQ:GECC - Get Free Report) last released its earnings results on Thursday, February 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $9.16 million during the quarter, compared to analyst estimates of $8.95 million. Great Elm Capital had a net margin of 46.02% and a return on equity of 13.36%. On average, research analysts expect that Great Elm Capital will post 1.69 EPS for the current fiscal year.
About Great Elm Capital
(
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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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