OCSL - New Mountain Finance: Strong 10% Yielding BDC Value Proposition (Rating Upgrade)
2024-05-26 07:28:01 ET
Summary
- New Mountain Finance Corporation offers attractive total return potential and has been able to grow its dividend payments.
- NMFC stock is priced below net asset value and has upside potential in its Equity portfolio in a strong U.S. economy.
- The company has a 10% yield, covered by net investment income, and has a compelling risk/reward relationship.
I am ramping up my exposure to New Mountain Finance (NMFC) this week, as the business development company has been able to grow its dividend payments and has attractive total return potential....
New Mountain Finance: Strong 10% Yielding BDC Value Proposition (Rating Upgrade)