Great Elm Capital Group, Inc. Plans Dividend of $0.30 (NASDAQ:GECC)

Great Elm Capital Group, Inc. (NASDAQ:GECC) announced a dividend on Wednesday, March 4th, NASDAQ Dividends reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, March 31st. The ex-dividend date of this dividend is Monday, March 16th.

Great Elm Capital Group has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 2 years. Great Elm Capital Group has a dividend payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Great Elm Capital Group to earn $1.41 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 105.0%.

Great Elm Capital Group Trading Down 4.5%

GECC stock opened at $5.73 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.24 and a debt-to-equity ratio of 1.68. The company has a market cap of $80.22 million, a price-to-earnings ratio of -2.49 and a beta of 0.64. The business has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $8.13. Great Elm Capital Group has a 52 week low of $5.64 and a 52 week high of $11.45.

Great Elm Capital Group (NASDAQ:GECC) last posted its quarterly earnings results on Monday, March 2nd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of ($39.96) million for the quarter, compared to analysts’ expectations of $13.16 million. Great Elm Capital Group had a negative net margin of 63.59% and a positive return on equity of 13.19%. On average, equities research analysts expect that Great Elm Capital Group will post 1.43 EPS for the current 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.