Moelis & Company (MC) will pay shareholders a special cash dividend of $2.00 per share in June 2021. Earlier this year MC already hiked its quarterly dividend by 43.8 percent $0.255 per share. This followed a 50 percent increase to $0.3825 per share in Q4 of 2020 and a special dividend of $2.00 per share in December 2020.

The special dividend of $2.00 per share will be paid on June 18, 2021 to common stockholders of record on May 10, 2021. A regular annual dividend rate of $2.20 per share yields 4.0% at a stock price of $54.55.

“Our record first quarter revenues reflect growth across all of our business and regions. I believe that our franchise is stronger today than at any other point in our Firm’s history,” said Ken Moelis, Chairman and Chief Executive Officer.

“Our solid topline performance, ongoing expense discipline, and focus on profitable organic growth generates substantial shareholder returns, as evidenced by today’s announcement of a $2.00 per share special dividend in addition to our regular quarterly dividend of $0.55 per share. Including today’s announcement, we will have returned over $430 million in capital over the last two quarters through dividends and share repurchases.”

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.