New Mountain Finance Corporation (NYSE:NMFC) will begin trading ex-dividend on September 15, 2020. The quarterly dividend payment of $ 0.30 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 11.57 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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New Mountain Finance Corporation recently reported first quarter financial results on May 6, 2020, after market close, the New York based company unveiled income for the first quarter of $ 0.35 per share, from the revenue of $ 74.08 million. The quarterly revenues gained 17.66 percent compared with the same quarter last year. According to street consensus, NMFC was expected to report 1Q20 income of $ 0.34 per share from revenue of $ 76.30 million. The bottom line results beat street analysts by $ 0.01 or 2.94 percent, at the same time, top line results fell short of analysts by $ 2.22 million or 2.91 percent.
Stock Performance
Shares of New Mountain Finance Corporation traded up $ 0.05 or 0.48 percent on Thursday, reaching $ 10.37 with volume of 400.00 thousand shares. New Mountain Finance Corporation has traded high as $ 10.46 and has cracked $ 10.32 on the downward trend
According to the previous trading day, closing price of $ 10.37, representing a 123.38 % increase from the 52 week low of $ 4.62 and a 28.58 % decrease over the 52 week high of $ 14.45.
The company has a market capital of $ 1.00 billion and is part of the Financial Services sector and Asset Management industry.
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various industries that include software, education, business services, distribution and logistics, federal services, healthcare services and products, healthcare facilities, energy, media, consumer and industrial services, healthcare Information Technology, Information Technology and services, specialty chemicals and materials, telecommunication, retail, and power generation. It seeks to invest in United States.
