MidCap Financial Investment Corporation (MFIC) to Issue Quarterly Dividend of $0.31 on June 25th

MidCap Financial Investment Corporation (NASDAQ:MFIC) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.31 per share on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Tuesday, June 9th.

MidCap Financial Investment has decreased its dividend payment by an average of 0.0%annually over the last three years. MidCap Financial Investment has a dividend payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect MidCap Financial Investment to earn $1.28 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 96.9%.

MidCap Financial Investment Stock Performance

Shares of MFIC stock traded down $0.21 during trading hours on Thursday, reaching $11.86. 520,690 shares of the company’s stock were exchanged, compared to its average volume of 986,177. The company has a debt-to-equity ratio of 1.53, a current ratio of 6.65 and a quick ratio of 6.65. The company’s 50 day moving average is $11.10 and its two-hundred day moving average is $11.46. The company has a market cap of $976.78 million, a P/E ratio of 17.97 and a beta of 0.63. MidCap Financial Investment has a 1 year low of $9.48 and a 1 year high of $13.51.

MidCap Financial Investment (NASDAQ:MFIC) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.66). The company had revenue of ($17.79) million for the quarter, compared to analysts’ expectations of $74.62 million. MidCap Financial Investment had a return on equity of 10.43% and a net margin of 19.69%. Equities research analysts anticipate that MidCap Financial Investment will post 1.36 EPS for the current fiscal year.

MidCap Financial Investment Company Profile

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.