Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Stock Price Up 0.2% – What’s Next?

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI)’s share price traded up 0.2% on Friday . The company traded as high as $25.20 and last traded at $25.19. 206 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 11,234 shares. The stock had previously closed at $25.15.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Price Performance

The stock’s fifty day moving average is $25.30 and its 200 day moving average is $25.38.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be issued a $0.5313 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.4%.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.