earnings
confidence high
sentiment positive
materiality 0.70
Great Elm Capital Q3 NII $0.39/share exceeds $0.35 dividend; record total investment income $11.7M
Great Elm Capital Corp.
2024-Q3 EPS reported
$0.18
- Q3 2024 NII $4.1M ($0.39/share), up from $3.1M ($0.32/share) in Q2 2024.
- Record total investment income $11.7M; net assets $125.8M ($12.04/share).
- Issued $36M of 8.125% senior notes due 2029 and redeemed all 6.75% notes due 2025.
- Board declared $0.35/share quarterly dividend, payable Dec 31, 2024 for record Dec 16, 2024.
- Weighted average yield on debt portfolio 12.8%; asset coverage ratio 166.2%.