Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI – Get Free Report) is expected to announce its results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.2050 per share and revenue of $10.07 million for the quarter.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance
NASDAQ GECCI opened at $25.08 on Tuesday. The stock has a fifty day moving average of $25.17 and a 200-day moving average of $25.26. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 52 week low of $24.95 and a 52 week high of $27.35.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5312 per share. The ex-dividend date was Tuesday, September 15th. This is an increase from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.5%.
Great Elm Capital Corp. is a closed-end, externally managed business development company that invests primarily in the debt and equity securities of middle-market companies. Its investment activities are focused on providing financing to businesses that may require capital for growth, acquisitions, recapitalizations, refinancings or other corporate purposes.
The company’s portfolio may include senior secured loans, subordinated debt, unsecured debt and equity investments. Great Elm seeks to generate income from its investments while also pursuing potential long-term gains through equity positions.
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