Moelis & Company (MC) will pay a special dividend of $2.00 per share in December 2020. Earlier this year the company announced a 49.0 percent dividend cut.

The special dividend of $2.00 per share payable on December 29, 2020 to common stockholders of record on December 18, 2020.

“As a result of the strong momentum and positive outlook in our business, we declared a special dividend of $2.00 per share today. We remain committed to returning all of our excess cash to shareholders,” said Ken Moelis, Chairman and Chief Executive Officer of Moelis & Company.

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.