MidCap Financial Investment Co. Declares Quarterly Dividend of $0.50 (NASDAQ:MFICL)

MidCap Financial Investment Co. (NASDAQ:MFICL) declared a quarterly dividend on Wednesday, August 14th, Wall Street Journal reports. Shareholders of record on Sunday, September 1st will be paid a dividend of 0.50 per share on Sunday, September 15th. This represents a $2.00 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend is Friday, August 30th.

MidCap Financial Investment Stock Up 0.4 %

Shares of MidCap Financial Investment stock traded up $0.11 during trading hours on Wednesday, reaching $25.44. 5,590 shares of the company were exchanged, compared to its average volume of 16,637. The stock’s fifty day moving average is $25.24 and its 200 day moving average is $25.33. MidCap Financial Investment has a 1 year low of $24.88 and a 1 year high of $25.70.

About MidCap Financial Investment

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.