Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 8.13%.
YIELD ON COST (YOC)
8.13%
NMFCZ now pays $2.06 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 1 year ago(2025-10-06) | $25.33 | 8.13% |
| Buying today(at $25.39) | $25.39 | 8.13% |
Try your own purchase price, dividend and growth rate for New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ).
Starting Yield
8.11%
Ending YOC
25.74%
Year 15 Dividend
$6.53
Cum. Dividends Recd.
$60.41
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.06 | N/A | 8.11% | $0.00 |
| Year 1 | $2.22 | +8.00% | 8.76% | $2.22 |
| Year 2 | $2.40 | +8.00% | 9.46% | $4.63 |
| Year 3 | $2.60 | +8.00% | 10.22% | $7.22 |
| Year 4 | $2.80 | +8.00% | 11.04% | $10.03 |
| Year 5 | $3.03 | +8.00% | 11.92% | $13.05 |
| Year 6 | $3.27 | +8.00% | 12.87% | $16.32 |
| Year 7 | $3.53 | +8.00% | 13.90% | $19.85 |
| Year 8 | $3.81 | +8.00% | 15.02% | $23.66 |
| Year 9 | $4.12 | +8.00% | 16.22% | $27.78 |
| Year 10 | $4.45 | +8.00% | 17.52% | $32.23 |
| Year 11 | $4.80 | +8.00% | 18.92% | $37.03 |
| Year 12 | $5.19 | +8.00% | 20.43% | $42.22 |
| Year 13 | $5.60 | +8.00% | 22.07% | $47.82 |
| Year 14 | $6.05 | +8.00% | 23.83% | $53.87 |
| Year 15 | $6.53 | +8.00% | 25.74% | $60.41 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
