SmarterDividends
MFIC

MidCap Financial Investment Corporation

MFIC

Financial Services · Asset Management · Stock · quarterly payer

$8.34

Undervalued · +139% Add to Portfolio

Forward Yield

14.87%

Annual Dividend

$1.24

Payout Ratio

3143%

5-Yr Growth

-1.3%

Ex-Date

Sep 8, 2026

Frequency

Quarterly

Key facts about MFIC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, MidCap Financial Investment Corporation (MFIC) has a forward dividend yield of 14.87%, based on an annual dividend of $1.24 per share and a share price of $8.34.
  • As of Oct 18, 2026, MFIC's dividend safety grade from SmarterDividends is D (43 out of 100), which rates the dividend as unsafe.
  • MFIC last cut its regular dividend in 2021.
  • MFIC's most recent ex-dividend date was Sep 8, 2026, for a dividend of $0.31 per share.
  • MFIC's dividend has shrunk at an average rate of 1.3% a year over the past five years.
  • As of Oct 18, 2026, MFIC's 14.87% yield is 28% above its five-year average yield of 11.65%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MFIC is $19.96 per share, 139% above the $8.34 share price, so MFIC screens as undervalued.
  • MidCap Financial Investment Corporation (MFIC) pays its dividend quarterly, 4 times a year.
  • MidCap Financial Investment Corporation (MFIC) has raised its regular dividend 13 times and cut it 5 times across the 90 payments on record since 2004. Its most recent change was a 18.4% cut to $0.310 per share, going ex-dividend on Mar 10, 2026.
Cite this page

SmarterDividends, "MFIC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MFIC

Summary

As of Oct 18, 2026, MidCap Financial Investment Corporation (MFIC) yields 14.87% ($1.24 a year per share) and has a dividend safety grade of D (43/100).

Is MFIC a good dividend stock?

Mixed

MidCap Financial Investment Corporation (MFIC) pays a quarterly dividend yielding 14.87% ($1.24/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2021
    • Elevated payout ratio (3143%)
    • Dividend has been shrinking, not growing
    • 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
    14.87%
    Payout Ratio
    3143%
    Annual Dividend
    $1.24
    5-Yr Avg Growth
    -1.3%
    Ex-Dividend Date
    Sep 8, 2026
    Years of Growth
    1
    Frequency
    quarterly
    Beta
    0.68
    Market Cap
    $687.0M
    P/E Ratio
    —
    5-Yr Total Return
    -36%
    52-Week Range
    $8.29 – $12.50
    Dividend Safety
    D · 43/100
    Ever Cut?
    Yes (2021)

    MFIC dividend raises and cuts

    MidCap Financial Investment Corporation (MFIC) has raised its regular dividend 13 times and cut it 5 times across the 90 payments on record since 2004. Its most recent change was a 18.4% cut to $0.310 per share, going ex-dividend on Mar 10, 2026.

    Ex-dateChangeOld → newMove
    Mar 10, 2026Cut$0.380 → $0.310−18.4%
    Mar 13, 2023Raise$0.370 → $0.380+2.7%
    Dec 16, 2022Raise$0.360 → $0.370+2.8%
    Sep 18, 2020Cut$0.450 → $0.360−20.0%
    Sep 19, 2016Cut$0.600 → $0.450−25.0%
    Feb 15, 2012Cut$0.840 → $0.600−28.6%
    Sep 15, 2009Raise$0.780 → $0.840+7.7%
    Mar 17, 2009Cut$1.56 → $0.780−50.0%
    Sep 12, 2007Raise$1.53 → $1.56+2.0%
    Mar 20, 2007Raise$1.50 → $1.53+2.0%
    Dec 19, 2006Raise$1.41 → $1.50+6.4%
    Sep 19, 2006Raise$1.35 → $1.41+4.4%
    Show all 18 changes since 2004
    Ex-dateChangeOld → newMove
    Mar 10, 2006Raise$1.32 → $1.35+2.3%
    Dec 20, 2005Raise$1.29 → $1.32+2.3%
    Sep 20, 2005Raise$0.930 → $1.29+38.7%
    Jun 21, 2005Raise$0.780 → $0.930+19.2%
    Mar 22, 2005Raise$0.540 → $0.780+44.4%
    Dec 21, 2004Raise$0.135 → $0.540+300.0%
    Every MFIC payment →Download every raise and cut (CSV)
    MFIC ex-dividend date & scheduleNext ex-date Sep 8, 2026 · full ex-dividend historyView →MFIC dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is MFIC a good dividend stock?

    Mixed. MidCap Financial Investment Corporation (MFIC) pays a quarterly dividend yielding 14.87% ($1.24/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is MFIC undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MFIC's fair value is about $19.96 versus a $8.34 share price — so it looks undervalued (+139% vs. fair value).

    Is MFIC's dividend safe?

    MFIC has a dividend-safety grade of D (43/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is MFIC's fair value?

    Our blended fair-value estimate for MFIC is about $19.96 per share, roughly 139% above the current $8.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is MFIC a buy, hold, or sell?

    We don't issue formal ratings, but on the data MFIC screens as "mixed" and undervalued. MidCap Financial Investment Corporation (MFIC) pays a quarterly dividend yielding 14.87% ($1.24/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will MFIC cut its dividend?

    MFIC earns a dividend-safety grade of D (43/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does MFIC pay a dividend?

    Yes. MidCap Financial Investment Corporation pays a quarterly dividend of about $1.24 per share annually, a forward yield of roughly 14.87%.

    What is MFIC's dividend yield?

    As of Oct 18, 2026, MFIC's forward dividend yield is 14.87%, based on a $1.24 annual dividend and a $8.34 share price.

    What is MFIC's dividend per share?

    As of Oct 18, 2026, MFIC pays $1.24 per share per year, distributed on a quarterly basis.

    What is MFIC's dividend payout ratio?

    As of Oct 18, 2026, MFIC's payout ratio is 3143% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has MFIC grown its dividend?

    As of Oct 18, 2026, MFIC has increased its dividend for 1 consecutive years.

    When is the next MFIC ex-dividend date?

    As of Oct 18, 2026, MFIC's next ex-dividend date hasn't been announced. The most recent was Sep 8, 2026, for $0.31 per share.

    Income Calculator

    At $1.24 / yr per share

    Per payment (quarterly)$31.00
    Annual$124.00
    Monthly avg$10.33

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