Moelis & Company (MC) will hike its quarterly dividend by 50 percent $0.3825 per share in the fourth quarter of 2020. This follows a dividend cut from 51 cents to 25.5 cents quarterly earlier in 2020. The company also paid a special dividend of $0.75 per share in March 2020.

The new $0.3825 per share will be paid on November 30, 2020 to common stockholders of record on November 6, 2020. 

Moelis & Company is a global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves its clients from 20 geographic locations in North and South America, Europe, the Middle East, Asia and Australia.