New Mountain Finance Corp. Plans Quarterly Dividend of $0.34 (NMFC)
New Mountain Finance Corp. (NASDAQ:NMFC) announced a quarterly dividend on Friday, August 8th, Stock Ratings Network reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.34 per share on Tuesday, September 30th. This represents a $1.36 annualized dividend and a dividend yield of 9.04%. The ex-dividend date is Friday, September 12th.
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 has a 50-day moving average of $14.72 and a 200-day moving average of $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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