CM Finance Inc (NASDAQ:CMFN) announced a quarterly dividend on Tuesday, November 6th, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.25 per share by the investment management company on Thursday, January 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.85%. The ex-dividend date of this dividend is Thursday, December 13th.
CM Finance has raised its dividend by an average of 8.8% per year over the last three years. CM Finance has a payout ratio of 97.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect CM Finance to earn $1.09 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 91.7%.
Shares of CMFN stock opened at $7.78 on Friday. CM Finance has a 52-week low of $7.40 and a 52-week high of $9.90. The company has a market capitalization of $106.41 million, a price-to-earnings ratio of 5.60 and a beta of 1.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.66.
CM Finance (NASDAQ:CMFN) last announced its quarterly earnings data on Thursday, November 8th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. CM Finance had a net margin of 32.89% and a return on equity of 11.33%. The firm had revenue of $8.26 million for the quarter, compared to analysts’ expectations of $8.61 million. As a group, equities analysts anticipate that CM Finance will post 0.97 earnings per share for the current year.
A number of brokerages have recently weighed in on CMFN. ValuEngine raised shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. TheStreet cut shares of CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. Finally, Zacks Investment Research cut shares of CM Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. CM Finance has an average rating of “Hold” and an average price target of $9.75.
About CM Finance
CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.
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