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Moelis & Company (MC) will pay a $1.25 per share special dividend, payable on January 5, 2017 to common stockholders of record on December 23, 2016.

“Our focus on internal talent development and organic growth continues to drive exceptionally high Return on Invested Capital and strong cash flow which we are committed to returning to our shareholders. Including the special dividend announced today, we will have returned $5.69 per share to investors since our IPO less than three years ago while maintaining a debt-free balance sheet,” said Ken Moelis, Chairman and Chief Executive Officer of Moelis & Company.

Based on a stock price of $30.15 the regular dividend translates into an estimated dividend yield of 4.3%.

Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors.