Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Raises Dividend to $0.55 Per Share

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) announced a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Shareholders of record on Sunday, December 15th will be paid a dividend of 0.5469 per share on Tuesday, December 31st. This represents a $2.19 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54.

Great Elm Capital Corp. 8.75% Notes due 2028 Price Performance

Shares of GECCZ opened at $25.44 on Wednesday. The stock has a 50 day moving average price of $25.45 and a two-hundred day moving average price of $25.40. Great Elm Capital Corp. 8.75% Notes due 2028 has a 52 week low of $24.50 and a 52 week high of $25.80.

Great Elm Capital Corp. 8.75% Notes due 2028 Company Profile

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”).