CM Finance Inc (NASDAQ:CMFN) announced a quarterly dividend on Tuesday, November 6th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.25 per share by the investment management company on Thursday, January 3rd. This represents a $1.00 annualized dividend and a yield of 12.85%. The ex-dividend date of this dividend is Thursday, December 13th.
CM Finance has raised its dividend by an average of 8.8% per year over the last three years. CM Finance has a dividend payout ratio of 97.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect CM Finance to earn $1.09 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 91.7%.
Shares of NASDAQ:CMFN traded down $0.02 during midday trading on Friday, hitting $7.78. The stock had a trading volume of 9,168 shares, compared to its average volume of 17,307. The stock has a market capitalization of $106.41 million, a PE ratio of 5.60 and a beta of 1.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.66. CM Finance has a fifty-two week low of $7.40 and a fifty-two week high of $9.90.
CM Finance (NASDAQ:CMFN) last issued its earnings results on Thursday, November 8th. The investment management company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $8.26 million during the quarter, compared to analysts’ expectations of $8.61 million. CM Finance had a net margin of 32.89% and a return on equity of 11.33%. On average, research analysts predict that CM Finance will post 0.97 EPS for the current fiscal year.
Several brokerages have recently commented on CMFN. Zacks Investment Research upgraded shares of CM Finance from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine cut shares of CM Finance from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, TheStreet cut shares of CM Finance from a “b-” rating to a “c” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. CM Finance presently has a consensus rating of “Hold” and an average target price of $9.75.
CM Finance Company Profile
CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.
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