CM Finance Inc (CMFN) Set to Announce Earnings on Wednesday
CM Finance Inc (NASDAQ:CMFN) will release its earnings data after the market closes on Wednesday, September 6th. Analysts expect CM Finance to post earnings of $0.25 per share for the quarter.
CM Finance Inc (NASDAQ:CMFN) opened at 9.925 on Tuesday. CM Finance Inc has a 12-month low of $8.50 and a 12-month high of $10.80. The company has a 50 day moving average of $10.09 and a 200-day moving average of $10.21.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 10.08%. CM Finance’s dividend payout ratio is currently 60.24%.
Separately, Zacks Investment Research lowered CM Finance from a “hold” rating to a “strong sell” rating in a research report on Monday, May 15th.
About CM Finance
CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.
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