Looking on the universe of shares we cowl at Dividend Channel, on 3/16/22, New Mountain Finance Company (Image: NMFC) will commerce ex-dividend, for its quarterly dividend of $0.30, payable on 3/31/22. As a share of NMFC’s latest inventory worth of $13.96, this dividend works out to roughly 2.15%, so search for shares of New Mountain Finance Company to commerce 2.15% decrease — all else being equal — when NMFC shares open for buying and selling on 3/16/22.
Normally, dividends aren’t at all times predictable; however trying on the historical past above can assist in judging whether or not the latest dividend from NMFC is prone to proceed, and whether or not the present estimated yield of 8.59% on annualized foundation is an affordable expectation of annual yield going ahead.
The chart beneath exhibits the one 12 months efficiency of NMFC shares, versus its 200 day shifting common:
Wanting on the chart above, NMFC’s low level in its 52 week vary is $12.24 per share, with $14.11 because the 52 week excessive level — that compares with a final commerce of $14.02.
In Monday buying and selling, New Mountain Finance Company shares are at the moment up about 1.7% on the day.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.