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

New Mountain Finance Corporation (NASDAQ:NMFC) declared 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 13.8%. The ex-dividend date is Wednesday, September 16th.

New Mountain Finance has increased its dividend by an average of 0.0%annually over the last three years. New Mountain Finance has a dividend payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 4.9%

NASDAQ:NMFC opened at $7.23 on Tuesday. The firm has a market capitalization of $682.87 million, a P/E ratio of -12.47 and a beta of 0.55. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.02 and a quick ratio of 2.02. New Mountain Finance has a one year low of $6.73 and a one year high of $10.71. The company’s 50-day simple moving average is $7.33 and its 200 day simple moving average is $7.90.

New Mountain Finance (NASDAQ:NMFC) last released its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. New Mountain Finance had a negative net margin of 18.65% and a positive return on equity of 11.14%. The firm had revenue of $39.02 million during the quarter, compared to analyst estimates of $62.78 million. During the same period last year, the business earned $0.32 earnings per share. As a group, analysts forecast that New Mountain Finance will post 1.1 EPS for the current fiscal 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.