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Houlihan Lokey (HLI) will start paying a quarterly dividend of $0.15 per share in 2015. The investment bank closed its initial public offering of common stock at a price to the public of $21.00 per share on August 18, 2015.

At a stock price of $21.83 Houlihan Lokey will have a prospective dividend yield of 2.75%.

Houlihan Lokey, Inc. is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. The company was stablished in 1972 and went public in 2015.