Moelis & Company (NYSE:MC) Shareholders to Collect $0.65 Quarterly Dividend

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.65 per share by the asset manager on Thursday, December 17th. This represents a $2.60 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 16th.

Moelis & Company has decreased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Moelis & Company has a payout ratio of 92.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Moelis & Company to earn $4.06 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 64.0%.

Moelis & Company Stock Performance

Moelis & Company stock opened at $58.43 on Friday. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.58 and a beta of 1.87. The company has a 50 day moving average price of $59.59 and a 200 day moving average price of $63.77.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Thursday, November 5th. The asset manager reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The firm had revenue of $425.58 million for the quarter, compared to analyst estimates of $434.17 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%. Moelis & Company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Equities analysts forecast that Moelis & Company will post 3.01 earnings per share for the current fiscal year.

About Moelis & Company

Moelis & Company (NYSE: MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.