Moelis & Company (NYSE:MC) Plans $0.65 Quarterly Dividend

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.65 per share by the asset manager on Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, February 17th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 Performance

Shares of Moelis & Company stock traded up $0.56 on Thursday, hitting $71.45. 198,928 shares of the company’s stock were exchanged, compared to its average volume of 793,978. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89. The stock has a market capitalization of $5.60 billion, a PE ratio of 24.04, a PEG ratio of 0.58 and a beta of 1.87. The company has a 50-day simple moving average of $71.29 and a 200-day simple moving average of $69.96.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.37. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The firm had revenue of $487.94 million for the quarter, compared to analysts’ expectations of $430.17 million. During the same period in the previous year, the firm posted $1.18 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal 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.