Moelis & Company (MC) will hike its quarterly dividend by another 9.1 percent in 2021. Earlier this year MC already hiked its quarterly dividend by 43.8 percent $0.255 per share. Also a special dividend of $2.00 per share was paid by the investment bank.

The next dividend of $0.60 per share will be paid on September 17, 2021 to common stockholders of record on August 2, 2021. A regular annual dividend rate of $2.40 per share yields 4.1% at a stock price of $58.

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.