Moelis & Company will pay a special dividend of $1.00 per share. The dividend is payable on July 6, 2017 to common stockholders of record on June 22, 2017.

"Today's special dividend announcement is consistent with our commitment and track record of returning excess capital to our shareholders. We remain focused on profitable organic growth and shareholder returns, which has allowed us to return $7.43 per share, including today's dividend, in the three years since our IPO," said Ken Moelis, Chairman and Chief Executive Officer of Moelis & Company.

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