5 Best High Yield Finance Dividend Stocks

2. Great Elm Capital Corporation (NASDAQ: GECC)

Number of Hedge Fund Holders: 4
Dividend Yield: 11.7%

Great Elm Capital Corporation (NASDAQ: GECC), an externally managed business development company, ranks 2nd on our list of the best high yield finance dividend stocks. The company focuses on middle-market companies and their debt instruments.

Oppenheimer’s Mitchel Penn holds a Perform rating on Great Elm Capital Corporation (NASDAQ: GECC) shares. Penn has commented that Great Elm Capital Corporation (NASDAQ: GECC) can be expected to bring in a 6%-14% ROE.

In the second quarter of 2021, Great Elm Capital Corporation (NASDAQ: GECC) had an NII of $0.09, beating estimates by $0.01. The company’s TII was $6.23 million, up 30.73% year over year and also beating estimates by $0.23 million. Great Elm Capital Corporation (NASDAQ: GECC) has also gained 6.01% in the past 6 months.

By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Great Elm Capital Corporation (NASDAQ: GECC) worth roughly $8.55 million. This is compared to 6 hedge funds in the previous quarter with a total stake value of approximately $8.801 million.