Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ) Shares Up 0.4% After Dividend Announcement

Great Elm Capital Corp. 8.75% Notes due 2028 (NASDAQ:GECCZ)’s stock price shot up 0.4% during trading on Friday following a dividend announcement from the company. The company traded as high as $25.51 and last traded at $25.45. 11,547 shares changed hands during mid-day trading, an increase of 382% from the average session volume of 2,398 shares. The stock had previously closed at $25.36.

The newly announced dividend which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were given a dividend of $0.5469 per share. This is an increase from Great Elm Capital Corp. 8.75% Notes due 2028’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.19 annualized dividend and a dividend yield of 8.60%.

Great Elm Capital Corp. 8.75% Notes due 2028 Trading Up 0.4 %

The firm’s 50-day moving average price is $25.28 and its 200 day moving average price is $25.39.

About Great Elm Capital Corp. 8.75% Notes due 2028

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”).