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

Great Elm Capital Corp. (NASDAQ:GECC) announced a dividend on Saturday, December 28th,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 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 104.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Great Elm Capital 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 Stock Performance

Shares of GECC opened at $10.56 on Friday. The company has a 50-day simple moving average of $10.20 and a two-hundred day simple moving average of $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. The firm has a market capitalization of $110.35 million, a PE ratio of 15.30 and a beta of 1.61. Great Elm Capital has a one year low of $9.55 and a one 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.