Moelis & Company (MC) To Go Ex-Dividend on November 16th

Moelis & Company (NYSE:MC) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $0.65 per share by the asset manager on Thursday, December 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 16th.

Moelis & Company has decreased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive 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 fall. Analysts expect Moelis & Company to earn $4.06 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 64.0%.

Moelis & Company Trading Down 4.8%

NYSE MC opened at $58.43 on Friday. The company has a 50 day moving average of $59.59 and a 200-day moving average of $63.77. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.58 and a beta of 1.87.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Thursday, November 5th. The asset manager reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $425.58 million for the quarter, compared to analyst estimates of $434.17 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%. The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, analysts forecast that Moelis & Company will post 3.01 earnings per share for the current year.

Moelis & Company Company Profile

Moelis & Company (NYSE: MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.