New Mountain Finance Corporation (NMFC) to Distribute Quarterly Dividend of $0.25 on September 30th

New Mountain Finance Corporation (NASDAQ:NMFC) announced a quarterly dividend on Monday, August 3rd. Investors of record on Wednesday, September 16th will be paid a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date is Wednesday, September 16th.

New Mountain Finance has increased its dividend payment by an average of 0.0%per year over the last three years. New Mountain Finance has a payout ratio of 71.9% indicating that 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

NMFC opened at $7.48 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.02 and a quick ratio of 2.02. The business has a fifty day simple moving average of $7.32 and a 200 day simple moving average of $7.88. New Mountain Finance has a 1 year low of $6.73 and a 1 year high of $10.71. The company has a market capitalization of $706.49 million, a PE ratio of -12.90 and a beta of 0.55.

New Mountain Finance (NASDAQ:NMFC) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $39.02 million during the quarter, compared to the consensus estimate of $62.78 million. New Mountain Finance had a negative net margin of 16.78% and a positive return on equity of 10.63%. During the same period in the previous year, the business earned $0.32 earnings per share. Research analysts expect that New Mountain Finance will post 1.1 EPS 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.