Great Elm Cap C Announces Monthly Dividend of $0.08 (GECC)
Great Elm Cap C (NASDAQ:GECC) announced a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Investors of record on Tuesday, October 31st will be paid a dividend of 0.083 per share by the financial services provider on Wednesday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date is Monday, October 30th.
Shares of Great Elm Cap C (NASDAQ GECC) traded down 0.64% during mid-day trading on Tuesday, reaching $10.77. The company had a trading volume of 16,366 shares. Great Elm Cap C has a 1-year low of $10.25 and a 1-year high of $12.37. The firm has a 50-day moving average price of $10.69 and a 200-day moving average price of $10.90.
Great Elm Cap C (NASDAQ:GECC) last posted its quarterly earnings results on Monday, August 14th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $6.24 million for the quarter, compared to the consensus estimate of $5.20 million.
GECC has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. initiated coverage on Great Elm Cap C in a research report on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price target on the stock. CIBC initiated coverage on Great Elm Cap C in a research report on Wednesday, June 28th. They set an “outperform” rating and a $14.00 price target on the stock.
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