New Mountain Finance Co. Plans Quarterly Dividend of $0.30 (NASDAQ:NMFC)

New Mountain Finance Co. (NASDAQ:NMFC) declared a quarterly dividend on Wednesday, August 4th, Zacks reports. Shareholders of record on Thursday, September 16th will be paid a dividend of 0.30 per share on Thursday, September 30th. This represents a $1.20 annualized dividend and a yield of 8.90%. The ex-dividend date is Wednesday, September 15th.

Shares of NMFC opened at $13.48 on Tuesday. New Mountain Finance has a 52-week low of $8.94 and a 52-week high of $13.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50 day moving average price is $13.40 and its two-hundred day moving average price is $13.12. The firm has a market cap of $1.31 billion, a PE ratio of 4.99 and a beta of 1.41.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. New Mountain Finance had a return on equity of 9.36% and a net margin of 105.12%. The firm had revenue of $66.56 million for the quarter, compared to analyst estimates of $66.51 million. Research analysts predict that New Mountain Finance will post 1.21 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded New Mountain Finance from a “hold” rating to a “sell” rating in a report on Thursday, July 8th.

New Mountain Finance Company Profile

New Mountain Finance Corporation is a business development company that specializes in investments in middle market companies and debt securities. The company invests in various industries that includes software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, and more.

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Dividend History for New Mountain Finance (NASDAQ:NMFC)

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