Shares of Great Elm Group, Inc. 7.25% Notes due 2027 (NASDAQ:GEGGL – Get Free Report) shot up 2% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $23.26 and last traded at $23.25. 1,374 shares changed hands during trading, a decline of 41% from the average session volume of 2,340 shares. The stock had previously closed at $22.80.
The newly announced dividend which will be paid on Sunday, June 30th. Investors of record on Saturday, June 15th were given a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 7.88%. This is a positive change from Great Elm Group, Inc. 7.25% Notes due 2027’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, June 14th.
Great Elm Group, Inc. 7.25% Notes due 2027 Price Performance
The firm’s fifty day moving average price is $22.89 and its 200-day moving average price is $22.51.
About Great Elm Group, Inc. 7.25% Notes due 2027
the great elm capital management (“gecm”) investment team has deep experience investing in leveraged middle market companies. the gecm team has deployed more than $17 billion into credit investments in more than 550 issuers across 20+ jurisdictions over its 14-year history under mast capital management, llc (“mast”).
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