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home / news releases / NMFC - New Mountain Finance: 11% Yielding BDC


NMFC - New Mountain Finance: 11% Yielding BDC

2024-03-24 09:15:00 ET

Summary

  • New Mountain Finance has paid 4 straight supplemental dividends in addition to its $.32 base dividend.
  • Dividend coverage reached a record 1.23X in 2023.
  • We compare New Mountain Finance to the BDC industry for valuations, performance, profitability and debt.

Business Development Companies, known as BDCs, have been reaping the rewards of higher interest rates over the past year and a half, due to the fact that their investments usually feature floating rates, while their borrowings have a high % of fixed rates....

For further details see:

New Mountain Finance: 11% Yielding BDC
Stock Information

Company Name: New Mountain Finance Corporation
Stock Symbol: NMFC
Market: NYSE
Website: newmountainfinance.com

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