CM Finance Inc (CMFN) Announces $0.25 Quarterly Dividend

CM Finance Inc (NASDAQ:CMFN) declared a quarterly dividend on Tuesday, February 6th, Zacks reports. Investors of record on Friday, March 16th will be paid a dividend of 0.25 per share by the investment management company on Thursday, April 5th. This represents a $1.00 annualized dividend and a yield of 11.83%. The ex-dividend date is Thursday, March 15th.

CMFN stock traded down $0.15 during trading on Thursday, hitting $8.45. The stock had a trading volume of 31,748 shares, compared to its average volume of 26,855. CM Finance has a 1-year low of $7.40 and a 1-year high of $10.80. The company has a market capitalization of $117.75, a price-to-earnings ratio of 7.35 and a beta of 1.13. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69.

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CM Finance (NASDAQ:CMFN) last announced its earnings results on Wednesday, February 7th. The investment management company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. CM Finance had a net margin of 63.54% and a return on equity of 7.98%. The firm had revenue of $8.45 million during the quarter, compared to the consensus estimate of $7.67 million. research analysts predict that CM Finance will post 1.04 earnings per share for the current year.

CMFN has been the subject of several recent analyst reports. ValuEngine cut CM Finance from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. UBS cut CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Raymond James Financial cut CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Finally, Redburn Partners cut CM Finance from an “outperform” rating to a “market perform” rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $11.00.

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About CM Finance

CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The Company is a specialty finance company that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.

Dividend History for CM Finance (NASDAQ:CMFN)

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