New Mountain Finance Corporation
NMFCFinancial Services · Stock · quarterly payer
Forward Yield
15.30%
Annual Dividend
$1.14
Payout Ratio
800%
5-Yr Growth
0.6%
Ex-Date
Sep 16, 2026
Frequency
Quarterly
Summary
As of September 2026, New Mountain Finance Corporation (NMFC) yields 15.30% ($1.14 per share annually), with a blended fair-value estimate of $15.45 — +105% upside, so it screens as undervalued. Dividend safety grade: D (40/100).
Is NMFC a good dividend stock?
Higher riskNew Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 15.30% ($1.14/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (800%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 15.30%
- Payout Ratio
- 800%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- 0.6%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.61
- Market Cap
- $705.6M
- P/E Ratio
- —
- 5-Yr Total Return
- -43%
- 52-Week Range
- $6.73 – $10.70
- Dividend Safety
- D · 40/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
NMFC Price — Last 12 Months
Daily close
Price Return
1 Year
-22%
3 Years
-42%
5 Years
-43%
52-Week Range
$6.73 – $10.70
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NMFC worth?
Undervaluedlow confidenceOur blended fair-value estimate for New Mountain Finance Corporation is $15.45 per share, versus a market price of $7.54. That implies 105% of upside — a margin of safety of about 51%.
Fair Value
$15.45
Current Price
$7.54
Upside
+105%
Margin of Safety
51%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.4% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$0.48 EPS, $1.14 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NMFC Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 16, 2026 | — | $0.2500 | regular |
| Mar 17, 2026 | — | $0.3200 | regular |
| Dec 17, 2025 | — | $0.3200 | regular |
| Sep 16, 2025 | — | $0.3200 | regular |
| Jun 16, 2025 | — | $0.3200 | regular |
| Mar 17, 2025 | — | $0.3200 | regular |
| Dec 17, 2024 | — | $0.3300 | regular |
| Sep 16, 2024 | — | $0.3400 | regular |
| Jun 14, 2024 | — | $0.3400 | regular |
| Mar 14, 2024 | — | $0.3600 | regular |
| Dec 21, 2023 | — | $0.1000 | regular |
| Dec 14, 2023 | — | $0.3600 | regular |
| Sep 14, 2023 | — | $0.3600 | regular |
| Jun 15, 2023 | — | $0.3500 | regular |
Income Calculator
At $1.14 / yr per share
