New Mountain Finance Corporation
NMFCFinancial Services · Asset Management · Stock · quarterly payer
Forward Yield
16.99%
Annual Dividend
$1.21
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 14, 2026, New Mountain Finance Corporation (NMFC) has a forward dividend yield of 16.99%, based on an annual dividend of $1.21 per share and a share price of $6.71.
- As of Oct 14, 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 14, 2026, NMFC's 16.99% yield is 57% above its five-year average yield of 10.81%.
- As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NMFC is $18.35 per share, 173% above the $6.71 share price, so NMFC screens as undervalued.
- New Mountain Finance Corporation (NMFC) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "NMFC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NMFC
Summary
As of Oct 14, 2026, New Mountain Finance Corporation (NMFC) yields 16.99% ($1.21 a year per share) and has a dividend safety grade of D (42/100).
Is NMFC a good dividend stock?
MixedNew Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 16.99% ($1.21/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
- 16.99%
- Payout Ratio
- 800%
- Annual Dividend
- $1.21
- 5-Yr Avg Growth
- 0.6%
- Ex-Dividend Date
- Sep 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.65
- Market Cap
- $633.8M
- P/E Ratio
- —
- 5-Yr Total Return
- -52%
- 52-Week Range
- $6.69 – $9.84
- Dividend Safety
- D · 42/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Is NMFC a good dividend stock?
Mixed. New Mountain Finance Corporation (NMFC) pays a quarterly dividend yielding 16.99% ($1.21/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 $6.71 share price — so it looks undervalued (+173% 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 173% above the current $6.71 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 16.99% ($1.21/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 $1.21 per share annually, a forward yield of roughly 16.99%.
What is NMFC's dividend yield?
As of Oct 14, 2026, NMFC's forward dividend yield is 16.99%, based on a $1.21 annual dividend and a $6.71 share price.
What is NMFC's dividend per share?
As of Oct 14, 2026, NMFC pays $1.21 per share per year, distributed on a quarterly basis.
What is NMFC's dividend payout ratio?
As of Oct 14, 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 14, 2026, NMFC's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.25 per share.
NMFC Price — Last 12 Months
Daily close
Price Return
1 Year
-30%
3 Years
-46%
5 Years
-52%
52-Week Range
$6.69 – $9.84
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 $18.35 per share, versus a market price of $6.71. That implies 173% of upside — a margin of safety of about 63%.
Fair Value
$18.35
Current Price
$6.71
Upside
+173%
Margin of Safety
63%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, -$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
Full NMFC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 16, 2026 | Sep 30, 2026 | $0.2500 | regular |
| Jun 16, 2026 | Jun 30, 2026 | $0.2500 | regular |
| Mar 17, 2026 | Mar 31, 2026 | $0.3200 | regular |
| Dec 17, 2025 | Dec 31, 2025 | $0.3200 | regular |
| Sep 16, 2025 | Sep 30, 2025 | $0.3200 | regular |
| Jun 16, 2025 | Jun 30, 2025 | $0.3200 | regular |
| Mar 17, 2025 | Mar 31, 2025 | $0.3200 | regular |
| Dec 17, 2024 | Dec 31, 2024 | $0.3300 | regular |
| Sep 16, 2024 | Sep 30, 2024 | $0.3400 | regular |
| Jun 14, 2024 | Jun 28, 2024 | $0.3400 | regular |
| Mar 14, 2024 | Mar 29, 2024 | $0.3600 | regular |
| Dec 21, 2023 | Dec 29, 2023 | $0.1000 | regular |
| Dec 14, 2023 | Dec 29, 2023 | $0.3600 | regular |
| Sep 14, 2023 | Sep 29, 2023 | $0.3600 | regular |
Income Calculator
At $1.21 / yr per share
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