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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) declared a quarterly dividend on Monday, October 5th. Shareholders of record on Friday, October 30th will be given a dividend of $0.5156 per share on Monday, November 16th. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, October 30th.

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

Shares of NMFCZ traded up $0.01 during trading hours on Tuesday, hitting $25.42. 5,626 shares of the company were exchanged, compared to its average volume of 11,211. The firm has a fifty day simple moving average of $25.26 and a 200-day simple moving average of $25.34. New Mountain Finance Co. 8.250% Notes due 2028 has a one year low of $25.00 and a one year high of $25.68.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ:NMFCZ) are unsecured debt securities issued by New Mountain Finance Corporation, a business development company (BDC). The notes provide investors with exposure to the credit activities of New Mountain Finance Corporation rather than representing shares of common stock.

New Mountain Finance Corporation primarily provides financing to middle-market companies through senior secured loans, subordinated debt and other debt investments. It may also make select equity investments, seeking to support companies with established operations and potential for long-term growth.