Great Elm Capital Group, Inc. (GECC) to Issue Quarterly Dividend of $0.25 on June 30th

Great Elm Capital Group, Inc. (NASDAQ:GECC) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 15th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 16.2%. The ex-dividend date is Monday, June 15th.

Great Elm Capital Group has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Great Elm Capital Group has a payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ GECC opened at $6.16 on Friday. Great Elm Capital Group has a fifty-two week low of $4.63 and a fifty-two week high of $11.45. The stock’s 50-day moving average is $5.69 and its two-hundred day moving average is $6.28. 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 firm has a market cap of $85.56 million, a P/E ratio of -2.58 and a beta of 0.75.

Great Elm Capital Group (NASDAQ:GECC) last posted its earnings results on Monday, May 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. 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 ($1.91) million for the quarter, compared to analyst estimates of $10.74 million. On average, analysts anticipate 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.