MidCap Financial Investment Corporation (NASDAQ:MFIC) to Issue $0.31 Quarterly Dividend

MidCap Financial Investment Corporation (NASDAQ:MFIC) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.31 per share on Thursday, March 26th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Tuesday, March 10th.

MidCap Financial Investment has decreased its dividend payment by an average of 0.0%per year over the last three years. MidCap Financial Investment has a dividend payout ratio of 101.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect MidCap Financial Investment to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 95.0%.

MidCap Financial Investment Stock Down 3.6%

Shares of MFIC traded down $0.38 during trading on Friday, reaching $10.16. The company’s stock had a trading volume of 563,635 shares, compared to its average volume of 705,636. The company has a market cap of $947.46 million, a price-to-earnings ratio of 9.58 and a beta of 0.77. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average of $11.31 and a two-hundred day moving average of $11.91. MidCap Financial Investment has a twelve month low of $10.03 and a twelve month high of $13.93.

MidCap Financial Investment (NASDAQ:MFIC) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The business had revenue of ($1.38) million during the quarter, compared to analyst estimates of $78.87 million. On average, sell-side analysts predict that MidCap Financial Investment will post 1.73 EPS for the current fiscal year.

About MidCap Financial Investment

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.