MidCap Financial Investment Corporation Declares Quarterly Dividend of $0.31 (NASDAQ:MFIC)

Key Points

• MidCap Financial Investment Corporation (NASDAQ:MFIC) declared a quarterly dividend of $0.31 per share payable June 25 to shareholders of record on June 9, implying an annualized distribution and a 10.4% yield.
• The company reported a quarterly loss of ($0.30) EPS, missing estimates, and while analysts project $1.28 in EPS next year—yielding an expected payout ratio of 96.9% that would cover the $1.24 annual dividend—the recent earnings miss and high payout ratio pose risks to dividend sustainability.

MidCap Financial Investment Corporation (NASDAQ:MFIC - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.31 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Tuesday, June 9th.

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 82.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect MidCap Financial Investment to earn $1.28 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 96.9%.

MidCap Financial Investment Trading Down 1.5%

NASDAQ MFIC traded down $0.19 during trading hours on Thursday, hitting $11.89. 392,634 shares of the company were exchanged, compared to its average volume of 984,458. The stock has a market cap of $979.00 million, a PE ratio of 18.01 and a beta of 0.63. The stock has a 50-day moving average price of $11.10 and a 200 day moving average price of $11.46. MidCap Financial Investment has a 52 week low of $9.48 and a 52 week high of $13.51. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 1.53.

MidCap Financial Investment (NASDAQ:MFIC - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.66). The business had revenue of ($17.79) million for the quarter, compared to the consensus estimate of $74.62 million. MidCap Financial Investment had a net margin of 19.69% and a return on equity of 10.43%. Analysts forecast that MidCap Financial Investment will post 1.36 earnings per share for the current fiscal year.

MidCap Financial Investment Company Profile

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.

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