New Mountain Finance Co. 8.250% Notes due 2028 Declares Quarterly Dividend of $0.52 (NASDAQ:NMFCZ)

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) declared a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Shareholders of record on Friday, May 1st will be given 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 is Friday, May 1st.

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

Shares of NMFCZ stock remained flat at $25.43 during mid-day trading on Friday. The company’s stock had a trading volume of 8,052 shares, compared to its average volume of 13,442. The firm’s 50-day moving average price is $25.26 and its two-hundred day moving average price is $25.32. New Mountain Finance Co. 8.250% Notes due 2028 has a 12 month low of $25.01 and a 12 month high of $25.82.

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.