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

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) declared a quarterly dividend on Monday, October 5th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.5156 per share on Monday, November 16th. This represents a $2.06 dividend on an annualized basis and a dividend 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 NASDAQ NMFCZ traded up $0.01 during midday trading on Tuesday, reaching $25.42. 5,626 shares of the company were exchanged, compared to its average volume of 11,211. New Mountain Finance Co. 8.250% Notes due 2028 has a 1 year low of $25.00 and a 1 year high of $25.68. The stock 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 (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.