New Mountain Finance: Dividend Cut, CFO Departure, and Strong Portfolio

New Mountain Finance Corporation reported Q1 2026 earnings, covering their dividend with adjusted net investment income. Theyre reducing the next quarterly payout but maintaining full coverage. CFO Kris Corbett is leaving, with COO Laura Holson taking over as interim. The company sold tough assets, deleveraged, and boosted cash for better buys. Book value stands at $10.92 per share, with a $50 million repurchase authorization. Insiders increased ownership, and the company has returned over $1.5 billion to shareholders since their 2011 IPO. Credit remains solid, with 91% of the portfolio green-rated and average yield climbing to 11.1% on new deals. Theyre eyeing asset sales and AI tailwinds to fuel high-yield loans. Spreads are widening, originations hit 15.5% yields on secondaries, and theyre positioned to grind higher as they monetize winners and keep dividends strong. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c06d352fdcb39249