New Mountain Finance Corporation (NASDAQ:NMFC) to Issue Quarterly Dividend of $0.32

New Mountain Finance Corporation (NASDAQ:NMFC) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.32 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Wednesday, December 17th.

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 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect New Mountain Finance to earn $1.31 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 97.7%.

New Mountain Finance Stock Performance

Shares of NMFC traded down $0.04 during mid-day trading on Tuesday, hitting $9.66. 473,777 shares of the company’s stock were exchanged, compared to its average volume of 529,357. New Mountain Finance has a fifty-two week low of $8.84 and a fifty-two week high of $12.05. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.70 and a beta of 0.77. The business’s 50 day moving average is $9.82 and its two-hundred day moving average is $10.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.35.

New Mountain Finance (NASDAQ:NMFC) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $80.53 million for the quarter, compared to analysts’ expectations of $83.91 million. New Mountain Finance had a return on equity of 10.43% and a net margin of 23.27%.The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, equities analysts expect that New Mountain Finance will post 1.39 earnings per share for the current year.

New Mountain Finance Company Profile

New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in defensive growth industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities.