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

New Mountain Finance Corporation (NASDAQ:NMFC) announced a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Tuesday, June 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 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect New Mountain Finance to earn $1.06 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 120.8%.

New Mountain Finance Stock Performance

Shares of NMFC opened at $8.18 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 3.16 and a quick ratio of 3.16. The stock has a market cap of $805.32 million, a price-to-earnings ratio of 54.55 and a beta of 0.57. New Mountain Finance has a one year low of $7.47 and a one year high of $11.04. The company has a 50-day moving average of $8.00 and a two-hundred day moving average of $8.77.

New Mountain Finance (NASDAQ:NMFC) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. New Mountain Finance had a net margin of 5.04% and a return on equity of 10.66%. The firm had revenue of $41.27 million during the quarter, compared to analyst estimates of $67.76 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue was down 19.7% on a year-over-year basis. On average, equities research analysts expect that New Mountain Finance will post 1.12 earnings per share for the current year.

About New Mountain Finance

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.