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New Mountain Finance Corporation (NMFC) ranks in the top 10% of dividend stocks according to the DividendRank formula, indicating strong fundamentals and attractive valuation. As of Monday, shares dropped to $9.91, entering oversold territory with a Relative Strength Index (RSI) of 29.5, compared to an average RSI of 54.0 across the dividend stock universe.
NMFC’s recent annualized dividend is $1.28 per share, which yields 12.23% based on the current price of $10.47. Investors may view the low RSI as an opportunity for entry points as heavy selling appears to be exhausting.
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