Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Shares Down 0.2% – Here’s Why

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ)’s share price fell 0.2% during mid-day trading on Tuesday . The company traded as low as $25.11 and last traded at $25.14. 1,081 shares were traded during trading, a decline of 66% from the average session volume of 3,149 shares. The stock had previously closed at $25.19.

Great Elm Capital Corp. 8.75% Notes due 2028 Trading Down 0.2%

The stock’s fifty day simple moving average is $25.37 and its 200-day simple moving average is $25.29.

Great Elm Capital Corp. 8.75% Notes due 2028 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.5469 per share. This is a boost from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, September 15th. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%.

About Great Elm Capital Corp. 8.75% Notes due 2028

great elm capital corp. (nasdaq: gecc, “gecc”) is an externally managed, specialty finance company focused on investing in the debt instruments of middle market companies. gecc has elected to be regulated as a business development company (“bdc”) under the investment company act of 1940, as amended. gecc is managed by great elm capital management (“gecm”).