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New Mountain Finance Corp. (NASDAQ:NMFC) announced a special dividend on Friday, August 8th, Stock Ratings Network reports. Shareholders of record on Wednesday, August 20th will be paid a dividend of 0.12 per share on Wednesday, September 3rd. This represents a dividend yield of 9.04%. The ex-dividend date is Monday, August 18th.

On a related note, analysts at Wells Fargo & Co. upgraded shares of New Mountain Finance Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday.

Shares of New Mountain Finance Corp. (NASDAQ:NMFC) traded up 1.21% on Friday, hitting $15.05. The stock had a trading volume of 548,683 shares. New Mountain Finance Corp. has a 52-week low of $13.86 and a 52-week high of $15.31. The stock’s 50-day moving average is $14.72 and its 200-day moving average is $14.59. The company has a market cap of $783.5 million and a P/E ratio of 9.61.

New Mountain Finance Corporation (NASDAQ:NMFC) is a closed-end, non-diversified management investment company.

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