MidCap Financial Investment Corporation (NASDAQ:MFIC) Declares Quarterly Dividend of $0.31

MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 8th will be given a dividend of $0.31 per share on Tuesday, December 22nd. This represents a $1.24 annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Tuesday, December 8th.

MidCap Financial Investment has a 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 decline. Analysts expect MidCap Financial Investment to earn $1.23 per share next year, which means the company may not be able to cover its $1.24 annual dividend with an expected future payout ratio of 100.8%.

MidCap Financial Investment Stock Performance

Shares of MidCap Financial Investment stock opened at $10.27 on Friday. The firm has a market capitalization of $845.97 million, a P/E ratio of -28.53 and a beta of 0.59. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 1.58. The company has a 50 day moving average price of $9.10 and a 200 day moving average price of $10.24. MidCap Financial Investment has a 52 week low of $8.11 and a 52 week high of $12.34.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Wednesday, November 4th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.56). The company had revenue of $61.98 million during the quarter, compared to analyst estimates of $64.43 million. MidCap Financial Investment had a positive return on equity of 11.17% and a negative net margin of 9.85%. Sell-side analysts expect that MidCap Financial Investment will post 1.49 EPS for the current year.

About MidCap Financial Investment

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed business development company that provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in privately negotiated debt and equity securities.

MFIC primarily invests in senior secured loans, including first-lien and second-lien loans, as well as subordinated debt and other investments issued by companies across a range of industries.