Great Elm Capital Announces $0.37 Quarterly Dividend, Maintaining Forward Yield of 13.53%

Great Elm Capital (NASDAQ:GECC) has declared a $0.37/share quarterly dividend, in line with previous. The forward yield is 13.53%. The dividend is payable on September 30 for shareholders of record on September 15, with an ex-dividend date of September 15.

Great Elm Capital (NASDAQ:GECC) has announced a $0.37 per share quarterly dividend, consistent with the previous dividend rate. The forward yield stands at 13.53%, making it an attractive option for income-seeking investors. The dividend will be payable on September 30, 2025, to shareholders of record as of September 15, with an ex-dividend date of September 15.

The company's strong second-quarter financial results, reported on August 4, 2025, underscore its robust performance. Total investment income reached a record $14.3 million, with net investment income of $5.9 million, representing a 28% increase from the first quarter. The net asset value (NAV) increased to $12.10 per share from $11.46, driven by unrealized gains on CoreWeave-related investments and higher income from CLO investments.

Great Elm Capital's diversified portfolio includes 58.9% in corporate debt investments, 16.5% in CLO investments, and various equity positions. The weighted average yield on debt investments is 12.5%, with 73% in floating-rate instruments, positioning the company well in the current interest rate environment. The company's asset coverage ratio strengthened to 169.5%, indicating a strong financial position.

Despite expectations of a decrease in net investment income in the third quarter due to uneven cash flows from its CLO joint venture, management remains confident that full-year net investment income will exceed the distribution. The company will continue to deploy capital into opportunities offering compelling risk-adjusted returns, focusing on driving lasting value for shareholders.

Great Elm Capital's latest dividend declaration, coupled with its strong financial performance, signals a positive outlook for the company. The upcoming conference call and webcast on August 5, 2025, will provide further insights into the company's strategies and future prospects.

References:
[1] https://seekingalpha.com/news/4478091-great-elm-capital-declares-0_37-dividend
[2] https://www.stocktitan.net/news/GECC/great-elm-capital-corp-announces-second-quarter-2025-financial-b9ned242d1v7.html