Great Elm Capital Group, Inc. (GECC) To Go Ex-Dividend on September 15th

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 17.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Great Elm Capital Group has decreased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Great Elm Capital Group has a payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Great Elm Capital Group to earn $0.84 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 119.0%.

Great Elm Capital Group Stock Up 11.0%

Shares of GECC opened at $5.73 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $79.59 million, a price-to-earnings ratio of -1.94 and a beta of 0.77. Great Elm Capital Group has a 1 year low of $4.63 and a 1 year high of $11.45. The business’s 50 day simple moving average is $5.52 and its 200-day simple moving average is $5.75.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $11.32 million. Great Elm Capital Group had a negative net margin of 87.74% and a positive return on equity of 13.59%. As a group, equities analysts expect that Great Elm Capital Group will post 1.1 earnings per share for the current fiscal year.

Great Elm Capital Group Company Profile

Great Elm Capital Group, Inc (NASDAQ: GECC) is a closed-end, externally managed business development company (BDC) that seeks to generate current income and capital appreciation by investing in private, middle-market companies. The firm targets senior secured loans, subordinated debt and equity securities of U.S. companies, with a focus on businesses offering stable cash flows and potential for growth. Industry sectors of interest include business services, consumer products, industrials and healthcare, among others.

GECC’s investment strategy emphasizes portfolio diversification and active management.