Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI – Get Free Report) shares fell 0.3% on Friday . The company traded as low as $25.26 and last traded at $25.26. 213 shares were traded during trading, a decline of 93% from the average session volume of 2,912 shares. The stock had previously closed at $25.33.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance
The business’s fifty day moving average price is $25.25 and its 200 day moving average price is $25.29.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.5313 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized basis and a yield of 8.4%.
Hedge Funds Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029
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.
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