Moelis & Company (NYSE: MC) declared a quarterly dividend of $0.47 per share, or $1.88 annualized.

The dividend will be payable on September 12, 2018, to stockholders of record on August 2, 2018, with an ex-dividend date of August 1, 2018.

The annual yield on the dividend is 3 percent.

“Our record second quarter revenues reflect the strength of our franchise as we continued to capitalize on a robust environment for M&A and experienced growth across our additional strategic advisory offerings. We expect to maintain our momentum as we continue to develop the world’s leading bankers and integrate them into a cohesive global network that delivers exceptional client service around the world,” said Ken Moelis, Chairman and Chief Executive Officer.

“Our capital-light business model and focus on organic growth creates substantial shareholder value, as evidenced by today’s announcement of a $1.50 per share special dividend in addition to our regular quarterly dividend of $0.47 per share. Including today’s announcement, we will have returned over $10 per share in dividends over the last three years.”

For a dividend history and other dividend-related data on Moelis & Company (MC) click here.