Houlihan Lokey (HLI) will raise its quarterly dividend by 23.3 percent to 53 cents per share in 2022. This follows a dividend hike of 30.3 percent to 43 cents per share in 2021 and marks the 7th consecutive year of dividend increases by the investment bank.
The Board of Directors of the Company declared a regular quarterly cash dividend of $0.53 per share of Class A and Class B common stock. The dividend will be payable on June 15, 2022 to stockholders of record as of the close of business on June 2, 2022. The new HLI dividend yields 2.5% at a stock price of $85.66.
Houlihan Lokey, Inc. is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. The company was stablished in 1972 and has been paying a dividend every year since 2015 when Houlihan Lokey became a public firm.