New Mountain Finance Corporation (NASDAQ:NMFC) Plans $0.25 Quarterly Dividend

New Mountain Finance Corporation (NASDAQ:NMFC) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date is Wednesday, September 16th.

New Mountain Finance has increased its dividend by an average of 0.0%per year over the last three years. New Mountain Finance has a payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect New Mountain Finance to earn $1.07 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 93.5%.

New Mountain Finance Stock Performance

Shares of NMFC opened at $7.23 on Tuesday. The business has a 50-day simple moving average of $7.33 and a two-hundred day simple moving average of $7.90. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.26. New Mountain Finance has a 52 week low of $6.73 and a 52 week high of $10.71. The stock has a market cap of $682.87 million, a price-to-earnings ratio of -12.47 and a beta of 0.55.

New Mountain Finance (NASDAQ:NMFC) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. New Mountain Finance had a positive return on equity of 11.14% and a negative net margin of 18.65%.The company had revenue of $39.02 million during the quarter, compared to the consensus estimate of $62.78 million. During the same period in the previous year, the company posted $0.32 EPS. On average, analysts expect that New Mountain Finance will post 1.1 EPS for the current year.

New Mountain Finance Company Profile

New Mountain Finance Corp. is a closed-end, externally managed business development company (BDC) that provides customized debt and equity capital solutions to U.S. middle-market companies. As a BDC organized under the Investment Company Act of 1940, New Mountain Finance invests in sponsor-backed and founder-led businesses that span a range of industry sectors, with a focus on companies demonstrating resilient growth and recurring revenue streams.

The company’s investment portfolio typically includes first-lien senior secured loans, second-lien and junior debt instruments, mezzanine financing and equity co-investments.