For the most part, ultra-high yielders are known as risky bets. So when you see a stock with a yield north of 10%, it’s only natural to ask, “Is the payout safe?” Well, that’s what we are going to find out in this article. A High-Yield Stock Worth Mentioning...
The company in question is New Mountain Finance Corp. (NYSE:NMFC), a closed-end investment firm headquartered in New York City. To be more specific, it provides financing solutions to middle-market businesses in the U.S. These businesses typically have annual earnings before interest, tax, depreciation, and amortization (EBIDTA) of between $20.0 million and $200.0 million.
Source: Income Investors
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