Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) Shares Cross Above Fifty Day Moving Average – What’s Next?

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $25.13 and traded as high as $25.18. Great Elm Capital Corp. 8.50% NOTES DUE 2029 shares last traded at $25.2040, with a volume of 2,978 shares changing hands.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Up 0.4%

The stock has a fifty day moving average of $25.13 and a 200-day moving average of $25.26.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.5312 per share. This is an increase from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.5253. This represents a $2.12 annualized dividend and a yield of 8.4%. The ex-dividend date was Tuesday, September 15th.

Great Elm Capital Corp. is a business development company (BDC) that invests in middle-market businesses, primarily through privately negotiated financing. Its investment portfolio may include debt and equity securities, with an emphasis on providing capital to companies that may have limited access to traditional financing.

The company focuses mainly on U.S. businesses and is externally managed by Great Elm Capital Management, an investment adviser. Its activities include evaluating investment opportunities, structuring financings and managing portfolio investments.

NASDAQ: GECCI represents Great Elm Capital Corp.’s 8.50% notes due 2029, rather than its common stock.