Great Elm Capital Group, Inc. (GECC) to Issue Quarterly Dividend of $0.25 on December 31st

Great Elm Capital Group, Inc. (NASDAQ:GECC) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.25 per share by the financial services provider on Thursday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 19.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

Great Elm Capital Group has decreased its dividend by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 2 years. Great Elm Capital Group has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Great Elm Capital Group to earn $0.86 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 116.3%.

Great Elm Capital Group Price Performance

GECC opened at $5.03 on Wednesday. The company has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $5.67. The firm has a market cap of $69.87 million, a price-to-earnings ratio of 4.31 and a beta of 0.85. Great Elm Capital Group has a twelve month low of $4.63 and a twelve month high of $8.14. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.47.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings results on Monday, November 2nd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Great Elm Capital Group had a positive return on equity of 14.75% and a negative net margin of 49.20%. The firm had revenue of $8.69 million for the quarter, compared to analysts’ expectations of $9.59 million. Equities research analysts expect that Great Elm Capital Group will post 1.10 EPS for the current fiscal year.

Great Elm Capital Group Company Profile

Great Elm Capital Corp. (NASDAQ: GECC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate income and capital appreciation by investing primarily in privately negotiated debt securities, including senior secured loans, subordinated debt and other credit instruments.

In addition to debt investments, Great Elm Capital may invest in equity securities and other interests when appropriate. Its portfolio companies generally operate in a range of industries, and the company focuses primarily on businesses in the United States.