CM Finance Inc. (CMFN) to Issue $0.25 Quarterly Dividend
CM Finance Inc. (NASDAQ:CMFN) declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Friday, March 17th will be paid a dividend of 0.25 per share by the investment management company on Thursday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Wednesday, March 15th.
CM Finance (NASDAQ:CMFN) opened at 9.00 on Friday. CM Finance has a one year low of $6.33 and a one year high of $11.61. The stock’s 50 day moving average is $9.17 and its 200 day moving average is $9.15.
An institutional investor recently raised its position in CM Finance stock. Raymond James & Associates boosted its stake in CM Finance Inc. (NASDAQ:CMFN) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 269,185 shares of the investment management company’s stock after buying an additional 2,157 shares during the period. Raymond James & Associates’ holdings in CM Finance were worth $2,390,000 at the end of the most recent reporting period. 41.40% of the stock is owned by hedge funds and other institutional investors.
CMFN has been the subject of a number of analyst reports. Zacks Investment Research cut shares of CM Finance from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of CM Finance in a report on Wednesday, August 31st. Finally, TheStreet upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a report on Friday, July 22nd.
CM Finance Company Profile
CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.
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