SmarterDividends
NMFC

New Mountain Finance Corporation

NMFC

Financial Services · Asset Management · Stock · quarterly payer

$6.61

Undervalued · +178% Add to Portfolio

Forward Yield

17.22%

Annual Dividend

$1.14

Payout Ratio

800%

5-Yr Growth

0.6%

Ex-Date

Sep 16, 2026

Frequency

Quarterly

Key facts about NMFC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, New Mountain Finance Corporation (NMFC) has a forward dividend yield of 17.22%, based on an annual dividend of $1.14 per share and a share price of $6.61.
  • As of Oct 27, 2026, NMFC's dividend safety grade from SmarterDividends is D (42 out of 100), which rates the dividend as unsafe.
  • NMFC last cut its regular dividend in 2025.
  • NMFC's most recent ex-dividend date was Sep 16, 2026, for a dividend of $0.25 per share.
  • NMFC's dividend has grown at an average rate of 0.6% a year over the past five years.
  • As of Oct 27, 2026, NMFC's 17.22% yield is 59% above its five-year average yield of 10.81%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NMFC is $18.35 per share, 178% above the $6.61 share price, so NMFC screens as undervalued.
  • New Mountain Finance Corporation (NMFC) pays its dividend quarterly, 4 times a year.
  • New Mountain Finance Corporation (NMFC) has raised its regular dividend 7 times and cut it 5 times across the 67 payments on record since 2011. Its most recent change was a 21.9% cut to $0.250 per share, going ex-dividend on Jun 16, 2026.
Cite this page

SmarterDividends, "NMFC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NMFC

Summary

As of Oct 27, 2026, New Mountain Finance Corporation (NMFC) yields 17.22% ($1.14 a year per share) and has a dividend safety grade of D (42/100).

Is NMFC a good dividend stock?

Mixed

New Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 17.22% ($1.14/yr), with 0 years 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 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
    17.22%
    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
    0.65
    Market Cap
    $624.3M
    P/E Ratio
    —
    5-Yr Total Return
    -51%
    52-Week Range
    $6.48 – $9.84
    Dividend Safety
    D · 42/100
    Ever Cut?
    Yes (2025)

    NMFC dividend raises and cuts

    New Mountain Finance Corporation (NMFC) has raised its regular dividend 7 times and cut it 5 times across the 67 payments on record since 2011. Its most recent change was a 21.9% cut to $0.250 per share, going ex-dividend on Jun 16, 2026.

    Ex-dateChangeOld → newMove
    Jun 16, 2026Cut$0.320 → $0.250−21.9%
    Mar 17, 2025Cut$0.330 → $0.320−3.0%
    Dec 17, 2024Cut$0.340 → $0.330−2.9%
    Jun 14, 2024Cut$0.360 → $0.340−5.6%
    Sep 14, 2023Raise$0.350 → $0.360+2.9%
    Jun 15, 2023Raise$0.320 → $0.350+9.4%
    Dec 15, 2022Raise$0.300 → $0.320+6.7%
    Jun 15, 2020Cut$0.340 → $0.300−11.8%
    Jun 13, 2012Raise$0.320 → $0.340+6.3%
    Mar 13, 2012Raise$0.300 → $0.320+6.7%
    Dec 13, 2011Raise$0.290 → $0.300+3.4%
    Sep 13, 2011Raise$0.270 → $0.290+7.4%
    Every NMFC payment →Download every raise and cut (CSV)
    NMFC ex-dividend date & scheduleNext ex-date Sep 16, 2026 · full ex-dividend historyView →NMFC dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is NMFC a good dividend stock?

    Mixed. New Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 17.22% ($1.14/yr), with 0 years 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 NMFC undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NMFC's fair value is about $18.35 versus a $6.61 share price — so it looks undervalued (+178% vs. fair value).

    Is NMFC's dividend safe?

    NMFC has a dividend-safety grade of D (42/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is NMFC's fair value?

    Our blended fair-value estimate for NMFC is about $18.35 per share, roughly 178% above the current $6.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NMFC a buy, hold, or sell?

    We don't issue formal ratings, but on the data NMFC screens as "mixed" and undervalued. New Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 17.22% ($1.14/yr), with 0 years 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 NMFC cut its dividend?

    NMFC earns a dividend-safety grade of D (42/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NMFC pay a dividend?

    Yes. New Mountain Finance Corporation pays a quarterly dividend of about $1.14 per share annually, a forward yield of roughly 17.22%.

    What is NMFC's dividend yield?

    As of Oct 27, 2026, NMFC's forward dividend yield is 17.22%, based on a $1.14 annual dividend and a $6.61 share price.

    What is NMFC's dividend per share?

    As of Oct 27, 2026, NMFC pays $1.14 per share per year, distributed on a quarterly basis.

    What is NMFC's dividend payout ratio?

    As of Oct 27, 2026, NMFC's payout ratio is 800% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NMFC grown its dividend?

    NMFC does not currently have a long dividend-growth streak on record.

    When is the next NMFC ex-dividend date?

    As of Oct 27, 2026, NMFC's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.25 per share.

    NMFC Dividend News

    NMFC
    CutNMFC·Jun 17, 2026

    New Mountain Finance Cuts Quarterly Dividend to $0.25

    New Mountain Finance reduced its quarterly dividend, lowering the payout from $0.32 to $0.25 per share with an ex-dividend date of June 16, 2026.

    Income Calculator

    At $1.14 / yr per share

    Per payment (quarterly)$28.50
    Annual$114.00
    Monthly avg$9.50

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