Moelis & Company (MC) will raise its quarterly dividend by 6.4 percent to $0.50 per share. The company will also pay a special dividend of $1.25 per share. The higher dividend marks the fourth regular increase over the past three years.

Both dividend (for a total of $1.75 per share) will be paid on March 29, 2019 to common stockholders of record on February 19, 2019.

“We achieved our third consecutive fiscal year of revenue and adjusted earnings per share growth organically and with no acquisitions. We have consistently delivered not only top line growth, but also earnings growth through our focus on cost discipline and our capital-light model, which has resulted in consistent and strong cash flow. We declared our second special dividend related to our 2018 performance and increased our regular quarterly dividend for the fourth time over the past three years. Coupled with increased levels of open market share repurchases in 2018, we returned record levels of capital to shareholders during the year, and as always, we will evaluate the best way to return all of our excess capital to shareholders,” said Ken Moelis, Chairman and Chief Executive Officer.

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.