Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) Stock Price Down 1.1% – Here’s Why

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ:GECCO) dropped 1.1% during mid-day trading on Friday . The stock traded as low as $24.95 and last traded at $24.99. Approximately 2,898 shares were traded during mid-day trading, an increase of 107% from the average daily volume of 1,400 shares. The stock had previously closed at $25.28.

Great Elm Capital Corp. 5.875% Notes due 2026 Stock Performance

The company’s fifty day simple moving average is $25.15 and its two-hundred day simple moving average is $25.14.

Great Elm Capital Corp. 5.875% Notes due 2026 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be given a dividend of $0.3631 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.45 annualized dividend and a dividend yield of 5.8%.

Great Elm Capital Corp. 5.875% Notes due 2026 Company Profile

Great Elm Capital Corp. 5.875% Notes due 2026 (NASDAQ: GECCO) are senior unsecured notes issued by Great Elm Capital Corp., a business development company organized under the Investment Company Act of 1940. The notes carry a fixed interest rate of 5.875% per annum and mature in July 2026, with interest payable quarterly. These securities are listed on the Nasdaq Capital Market and represent a funding instrument used by the issuer to support its lending and investment activities.

Great Elm Capital Corp.