Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Raises Dividend to $0.53 Per Share

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) declared a quarterly dividend on Saturday, August 15th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.5313 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 1.1% increase from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.0%

Shares of NASDAQ:GECCI opened at $25.33 on Friday. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 1 year low of $24.95 and a 1 year high of $25.72. The business’s 50 day moving average price is $25.25 and its 200-day moving average price is $25.29.

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.