Monroe Capital Corporation (NASDAQ:MRCC) Announces $0.09 Quarterly Dividend

Monroe Capital Corporation (NASDAQ:MRCC) declared a quarterly dividend on Thursday, March 5th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.09 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Monday, March 16th.

Monroe Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Monroe Capital has a dividend payout ratio of 88.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Monroe Capital to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 67.3%.

Monroe Capital Price Performance

Monroe Capital stock opened at $4.50 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 5.87 and a quick ratio of 5.87. The stock has a market capitalization of $97.52 million, a PE ratio of -23.68 and a beta of 0.75. The business has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $6.67. Monroe Capital has a 12 month low of $4.47 and a 12 month high of $8.29.

Monroe Capital (NASDAQ:MRCC) last issued its earnings results on Monday, March 2nd. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $8.16 million for the quarter, compared to the consensus estimate of $7.90 million. Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%. Equities analysts predict that Monroe Capital will post 1.14 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.