New Mountain Finance Co. 8.250% Notes due 2028 (NMFCZ) to Issue Quarterly Dividend of $0.52 on May 15th

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) announced a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Shareholders of record on Friday, May 1st will be paid a dividend of 0.5156 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, May 1st.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

NMFCZ stock remained flat at $25.43 during mid-day trading on Friday. 8,052 shares of the company’s stock traded hands, compared to its average volume of 13,442. New Mountain Finance Co. 8.250% Notes due 2028 has a 52-week low of $25.01 and a 52-week high of $25.82. The business has a fifty day simple moving average of $25.26 and a 200 day simple moving average of $25.32.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ: NMFCZ) are senior unsecured debt securities issued by New Mountain Finance Corporation, a closed-end business development company. These notes pay a fixed annual interest rate of 8.25%, with interest typically paid quarterly and a maturity date in 2028. The securities are listed on the NASDAQ Capital Market, offering investors a fixed-income instrument tied to the performance of the issuer’s diversified investment portfolio.

New Mountain Finance Corporation focuses on making debt and equity investments in middle-market companies across a range of sectors, including business services, healthcare, software, and specialty finance.