Monroe Capital Corp (NASDAQ:MRCC) announced a quarterly dividend on Friday, May 31st, ARN reports. Stockholders of record on Friday, June 14th will be paid a dividend of $0.34 per share on Friday, June 28th. This represents a $1.36 annualized dividend and a dividend yield of 8.95%.
On a related note, analysts at Zacks downgraded shares of Monroe Capital Corp from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, March 18th. They now have a $16.60 price target on the stock.
One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.32.
Monroe Capital Corp (NASDAQ: MRCC) opened at 15.19 on Friday. Monroe Capital Corp has a 52-week low of $14.29 and a 52-week high of $15.42. The stock’s 50-day moving average is currently $15.13.
Monroe Capital Corp (NASDAQ: MRCC) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.04. On average, analysts predict that Monroe Capital Corp will post $1.35 earnings per share for the current fiscal year.
Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company.