2024-06-17 09:37:40 ET
Summary
- MidCap Financial's dividend of $0.38 is supported by net asset cash flow above the dividend amount.
- Q3 earnings of $0.44 were slightly lower than the previous quarter, likely due to higher interest rates.
- Management believes the dividend is sustainable for several quarters, regardless of interest rate scenarios.
- The yield at recent prices remains above 10%, a level that supports a buy rating.
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With Recent Valuation, MidCap Financial Investment Remains A Buy