Moelis & Company (MC) to Issue Quarterly Dividend of $0.65 on September 17th

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.65 per share by the asset manager on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, August 10th.

Moelis & Company has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Moelis & Company has a payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Moelis & Company to earn $4.25 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 61.2%.

Moelis & Company Stock Performance

Shares of MC stock opened at $68.49 on Friday. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22. The stock has a market cap of $5.38 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.83 and a beta of 1.85. The business’s fifty day moving average is $67.23 and its 200-day moving average is $65.30.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $409.39 million for the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a return on equity of 39.61% and a net margin of 14.50%.The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts predict that Moelis & Company will post 3.17 earnings per share for the current year.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.