SmarterDividends
GECC

Great Elm Capital Corp.

GECC

Financial Services · Asset Management · Stock · quarterly payer

$4.70

Undervalued · +222% Add to Portfolio

Forward Yield

21.28%

Annual Dividend

$1.00

Payout Ratio

92%

5-Yr Growth

41.8%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about GECC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Great Elm Capital Corp. (GECC) has a forward dividend yield of 21.28%, based on an annual dividend of $1.00 per share and a share price of $4.70.
  • As of Oct 27, 2026, GECC's dividend safety grade from SmarterDividends is D (41 out of 100), which rates the dividend as unsafe.
  • GECC last cut its regular dividend in 2024.
  • GECC's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.25 per share.
  • As of Oct 27, 2026, GECC pays out 92% of its trailing 12-month earnings as dividends (its payout ratio).
  • GECC's dividend has grown at an average rate of 41.8% a year over the past five years.
  • As of Oct 27, 2026, GECC's 21.28% yield is 48% above its five-year average yield of 14.33%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for GECC is $15.11 per share, 222% above the $4.70 share price, so GECC screens as undervalued.
  • Great Elm Capital Corp. (GECC) pays its dividend quarterly, 4 times a year.
  • Great Elm Capital Corp. (GECC) has raised its regular dividend 3 times and cut it 6 times across the 74 payments on record since 2016. Its most recent change was a 16.7% cut to $0.250 per share, going ex-dividend on Jun 15, 2026.
Cite this page

SmarterDividends, "GECC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/GECC

Summary

As of Oct 27, 2026, Great Elm Capital Corp. (GECC) yields 21.28% ($1.00 a year per share) and has a dividend safety grade of D (41/100).

Is GECC a good dividend stock?

Higher risk

Great Elm Capital Corp. (GECC) pays a quarterly dividend yielding 21.28% ($1.00/yr), with 1 year of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

  • Strong 41.8% 5-yr dividend growth

Risks

  • Cut its dividend in 2024
  • Elevated payout ratio (92%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
21.28%
Payout Ratio
92%
Annual Dividend
$1.00
5-Yr Avg Growth
41.8%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
1
Frequency
quarterly
Beta
0.90
Market Cap
$65.3M
P/E Ratio
—
5-Yr Total Return
-77%
52-Week Range
$4.63 – $8.14
Dividend Safety
D · 41/100
Ever Cut?
Yes (2024)

GECC dividend raises and cuts

Great Elm Capital Corp. (GECC) has raised its regular dividend 3 times and cut it 6 times across the 74 payments on record since 2016. Its most recent change was a 16.7% cut to $0.250 per share, going ex-dividend on Jun 15, 2026.

Ex-dateChangeOld → newMove
Jun 15, 2026Cut$0.300 → $0.250−16.7%
Mar 16, 2026Cut$0.370 → $0.300−18.9%
Mar 17, 2025Raise$0.350 → $0.370+5.7%
Mar 14, 2023Cut$0.450 → $0.350−22.2%
Jun 22, 2022Cut$0.600 → $0.450−25.0%
Mar 12, 2021Raise$0.0480 → $0.600+1150.0%
Nov 27, 2020Raise$0.0468 → $0.0480+2.5%
Jul 30, 2020Cut$0.0995 → $0.0468−52.9%
Apr 29, 2020Cut$0.486 → $0.0995−79.5%
Every GECC payment →Download every raise and cut (CSV)
GECC ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →GECC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is GECC a good dividend stock?

Higher risk. Great Elm Capital Corp. (GECC) pays a quarterly dividend yielding 21.28% ($1.00/yr), with 1 year of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Is GECC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GECC's fair value is about $15.11 versus a $4.70 share price — so it looks undervalued (+222% vs. fair value).

Is GECC's dividend safe?

GECC has a dividend-safety grade of D (41/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is GECC's fair value?

Our blended fair-value estimate for GECC is about $15.11 per share, roughly 222% above the current $4.70 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GECC a buy, hold, or sell?

We don't issue formal ratings, but on the data GECC screens as "higher risk" and undervalued. Great Elm Capital Corp. (GECC) pays a quarterly dividend yielding 21.28% ($1.00/yr), with 1 year of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

Will GECC cut its dividend?

GECC earns a dividend-safety grade of D (41/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GECC pay a dividend?

Yes. Great Elm Capital Corp. pays a quarterly dividend of about $1.00 per share annually, a forward yield of roughly 21.28%.

What is GECC's dividend yield?

As of Oct 27, 2026, GECC's forward dividend yield is 21.28%, based on a $1.00 annual dividend and a $4.70 share price.

What is GECC's dividend per share?

As of Oct 27, 2026, GECC pays $1.00 per share per year, distributed on a quarterly basis.

What is GECC's dividend payout ratio?

As of Oct 27, 2026, GECC's payout ratio is 92% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has GECC grown its dividend?

As of Oct 27, 2026, GECC has increased its dividend for 1 consecutive years.

When is the next GECC ex-dividend date?

As of Oct 27, 2026, GECC's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.25 per share.

Income Calculator

At $1.00 / yr per share

Per payment (quarterly)$25.00
Annual$100.00
Monthly avg$8.33

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