Moelis & Co (MC) Increases Dividend to $0.50 Per Share

Moelis & Co (NYSE:MC) declared a quarterly dividend on Thursday, February 7th, Wall Street Journal reports. Investors of record on Tuesday, February 19th will be given a dividend of 0.50 per share by the asset manager on Friday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, February 15th. This is a positive change from Moelis & Co’s previous quarterly dividend of $0.47.

Moelis & Co has raised its dividend by an average of 23.4% per year over the last three years and has raised its dividend every year for the last 4 years. Moelis & Co has a payout ratio of 72.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Moelis & Co to earn $3.20 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 62.5%.

MC opened at $46.23 on Friday. Moelis & Co has a twelve month low of $32.66 and a twelve month high of $67.65. The stock has a market cap of $2.60 billion, a P/E ratio of 16.39, a PEG ratio of 1.64 and a beta of 2.02.

Moelis & Co (NYSE:MC) last posted its quarterly earnings data on Wednesday, February 6th. The asset manager reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Moelis & Co had a net margin of 15.88% and a return on equity of 59.32%. The business had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $224.54 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. Moelis & Co’s revenue was up 40.8% compared to the same quarter last year. On average, analysts expect that Moelis & Co will post 2.88 EPS for the current fiscal year.

Several research firms recently weighed in on MC. ValuEngine raised shares of Moelis & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut shares of Moelis & Co from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Sandler O’Neill raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, December 7th. Morgan Stanley cut their price objective on shares of Moelis & Co from $59.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 8th. Finally, UBS Group cut their price objective on shares of Moelis & Co from $59.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.67.

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Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

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Dividend History for Moelis & Co (NYSE:MC)

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