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

Great Elm Capital Corp. (NASDAQ:GECC) declared a dividend on Thursday, December 19th,NASDAQ Dividends reports. Investors 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 is Tuesday, December 31st.

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 98.6% indicating that 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 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 Trading Down 2.9 %

GECC traded down $0.31 during trading on Thursday, hitting $10.25. The company’s stock had a trading volume of 28,893 shares, compared to its average volume of 18,458. Great Elm Capital has a twelve month low of $9.55 and a twelve month high of $11.31. The stock has a market cap of $107.11 million, a PE ratio of 14.86 and a beta of 1.61. The firm’s 50 day moving average price is $10.17 and its 200-day moving average price is $10.25. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.11 and a quick ratio of 0.11.

About Great Elm Capital

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.