New Mountain Finance Co. 8.250% Notes due 2028 (NMFCZ) to Issue Quarterly Dividend of $0.52 on November 16th

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) announced a quarterly dividend on Monday, October 5th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.5156 per share on Monday, November 16th. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, October 30th.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

NASDAQ:NMFCZ opened at $25.42 on Wednesday. New Mountain Finance Co. 8.250% Notes due 2028 has a one year low of $25.00 and a one year high of $25.68. The firm’s fifty day moving average price is $25.32 and its two-hundred day moving average price is $25.33.

New Mountain Finance Corporation is a business development company that provides financing to middle-market businesses. The company is externally managed by New Mountain Finance Advisers LLC, an affiliate of New Mountain Capital, an investment firm focused on growth-oriented companies.

New Mountain Finance generally invests in privately held companies through senior secured loans, unitranche facilities, second-lien and unsecured debt, and selected equity investments. Its portfolio companies are typically established businesses operating in industries that New Mountain considers to have defensive or growth characteristics, including software, business services, healthcare, education, and other specialized sectors.

The company primarily serves businesses in the United States and seeks to generate income from its lending activities while also pursuing long-term capital appreciation through equity investments.