Moelis & Company (MC) will hike its quarterly dividend by 43.8 percent $0.255 per share in 2021. This follows a 50 percent increase to $0.3825 per share in Q4 of 2020. The company also paid a special dividend of $2.00 per share in December 2020.
The new $0.55 per share will be paid on March 26, 2021 to common stockholders of record on February 22, 2021. A new annual rate of $2.20 per share yields 4.0% at a stock price of $54.65.
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.