Great Elm Capital Group, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:GECC)

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 18.3%. The ex-dividend date is Tuesday, September 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. Research 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 6.2%

Shares of NASDAQ GECC opened at $5.48 on Thursday. The firm’s 50-day moving average price is $5.53 and its 200-day moving average price is $5.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $76.10 million, a price-to-earnings ratio of -2.25 and a beta of 0.77. Great Elm Capital Group has a 12-month low of $4.63 and a 12-month high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Great Elm Capital Group had a positive return on equity of 14.16% and a negative net margin of 70.13%.The company had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $11.32 million. On average, equities research analysts anticipate that Great Elm Capital Group will post 1.1 EPS for the current fiscal year.

About Great Elm Capital Group

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.