Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI – Get Free Report)’s share price was down 0.1% during mid-day trading on Thursday . The stock traded as low as $25.19 and last traded at $25.19. Approximately 422 shares changed hands during trading, a decline of 86% from the average daily volume of 3,082 shares. The stock had previously closed at $25.22.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance
The business’s 50 day moving average is $25.28 and its 200 day moving average is $25.27.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend
The firm also recently declared 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. This is a positive change from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 8.4%.
Institutional Inflows and Outflows
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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