Monroe Capital Corporation (MRCC) to Issue Quarterly Dividend of $0.09 on March 31st

Monroe Capital Corporation (NASDAQ:MRCC) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be given 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 7.8%. The ex-dividend date of this dividend is Monday, March 16th.

Monroe Capital has decreased its dividend by an average of 0.0%annually over the last three years. Monroe Capital has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Monroe Capital to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 33.6%.

Monroe Capital Stock Performance

NASDAQ MRCC opened at $4.62 on Friday. The company has a market cap of $100.12 million, a P/E ratio of -20.09 and a beta of 0.75. The company has a fifty day simple moving average of $6.06 and a 200 day simple moving average of $6.57. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. Monroe Capital has a 12-month low of $4.04 and a 12-month high of $7.99.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Thursday, March 5th. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $8.16 million for the quarter, compared to analyst estimates of $7.90 million. Monroe Capital had a negative net margin of 13.52% and a positive return on equity of 6.59%. Sell-side analysts predict that Monroe Capital will post 1.14 earnings per share for the current fiscal year.

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.