New Mountain Finance: You Can Get A 10% Yield Now [Seeking Alpha]
New Mountain Finance Corporation (NMFC)
Last new mountain finance corporation earnings: 2/26 04:35 pm
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US:NYSE Investor Relations:
newmountainfinance.com
Company Research
Source: Seeking Alpha
Follow Summary New Mountain Finance Corporation covered its $0.32 per share base dividend with adjusted net investment income and paid a $0.02 supplemental dividend in Q2. The company announced a reduction in its base management fee from 1.40% to 1.25%, enhancing its margin of safety. NMFC stock is trading at a 3% discount to its net asset value, presenting a compelling risk-reward opportunity for passive income investors. Despite an 8% decrease in interest income, the company maintained strong dividend coverage and offers a 10% yield, making it attractive for dividend-seeking investors. Henrik Sorensen New Mountain Finance NASDAQ: NMFC is a well-managed business development company that covered its $0.32 per share base dividend with adjusted net investment income in the second quarter. In addition, the business development company paid a $0.02 per share supplemental dividend, which translated into a 94% total dividend pay-out ratio. Furthermore, New Mountain Financ
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NMFC
News
- New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024Business Wire
- New Mountain Finance Co. (NASDAQ: NMFC) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
- New Mountain Finance Corporation Announces the Extension of its Stock Repurchase ProgramBusiness Wire
- New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- KBRA Assigns Rating to New Mountain Finance Corporation's $300 Million Senior Unsecured Notes Due 2027 [Yahoo! Finance]Yahoo! Finance
NMFC
Earnings
- 10/30/24 - Miss
NMFC
Sec Filings
- 11/20/24 - Form 4
- 11/18/24 - Form 4
- 11/14/24 - Form 4
- NMFC's page on the SEC website