Monroe Capital Corporation (NASDAQ:MRCC) Announces $0.09 Quarterly Dividend

Monroe Capital Corporation (NASDAQ:MRCC) declared a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be paid 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 8.0%. The ex-dividend date of this dividend is Monday, March 16th.

Monroe Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Monroe Capital has a dividend payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Monroe Capital to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 67.3%.

Monroe Capital Price Performance

NASDAQ:MRCC opened at $4.50 on Friday. Monroe Capital has a one year low of $4.47 and a one year high of $8.29. The company has a debt-to-equity ratio of 1.22, a quick ratio of 5.87 and a current ratio of 5.87. The stock has a market cap of $97.52 million, a PE ratio of -23.68 and a beta of 0.75. The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.67.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Monroe Capital had a positive return on equity of 8.49% and a negative net margin of 9.58%.The company had revenue of $8.16 million for the quarter, compared to analyst estimates of $7.90 million. Equities research analysts expect that Monroe Capital will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Monroe Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.