Moelis & Company (MC) to Distribute Quarterly Dividend of $0.65 on December 4th

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, October 29th. Shareholders of record on Monday, November 10th will be given a dividend of 0.65 per share by the asset manager on Thursday, December 4th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 10th.

Moelis & Company has decreased its dividend payment 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 dividend 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 tumble. Equities analysts expect Moelis & Company to earn $3.72 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 69.9%.

Moelis & Company Stock Up 1.4%

MC stock opened at $63.79 on Friday. The company’s fifty day simple moving average is $69.73 and its 200 day simple moving average is $65.54. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 21.34 and a beta of 1.80.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. Moelis & Company had a net margin of 15.98% and a return on equity of 47.11%. The firm had revenue of $356.89 million for the quarter, compared to analysts’ expectations of $336.14 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was up 30.4% on a year-over-year basis. Research analysts expect that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Company Profile

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.