MidCap Financial Investment Corporation Plans Quarterly Dividend of $0.31 (NASDAQ:MFIC)

MidCap Financial Investment Corporation (NASDAQ:MFICGet Free Report) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.31 per share on Thursday, March 26th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Tuesday, March 10th.

MidCap Financial Investment has decreased its dividend by an average of 0.0%per year over the last three years. MidCap Financial Investment has a dividend payout ratio of 101.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect MidCap Financial Investment to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 95.0%.

MidCap Financial Investment Trading Down 3.6%

Shares of MidCap Financial Investment stock traded down $0.38 during trading hours on Friday, reaching $10.16. 563,635 shares of the company’s stock were exchanged, compared to its average volume of 705,636. MidCap Financial Investment has a 52-week low of $10.03 and a 52-week high of $13.93. The company has a fifty day moving average of $11.31 and a 200-day moving average of $11.91. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $947.46 million, a price-to-earnings ratio of 9.58 and a beta of 0.77.

MidCap Financial Investment (NASDAQ:MFICGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a return on equity of 10.33% and a net margin of 30.79%.The business had revenue of ($1.38) million during the quarter, compared to the consensus estimate of $78.87 million. Sell-side analysts forecast that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

MidCap Financial Investment Company Profile

(Get Free Report)

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.

Further Reading

Dividend History for MidCap Financial Investment (NASDAQ:MFIC)

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