Moelis & Company (MC) Raises Quarterly Dividend 50% to $0.30; 4.3% Yield

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Go back to Moelis & Company (MC) Raises Quarterly Dividend 50% to $0.30; 4.3% Yield

Moelis & Company Reports Second Quarter 2015 Financial Results; Increases Quarterly Dividend to $0.30 Per Share

July 29, 2015 4:05 PM EDT

Second quarter revenues of $125.9 million as compared with $131.7 million for the second quarter of 2014 Adjusted Pro Forma net income of $0.37 per share (diluted) for the second quarter of 2015 as compared with $0.42 per share (diluted) for the same period in 2014; GAAP net income of $0.34 per share (diluted) for the second quarter of 2015 as compared with a net loss of $1.25 per share (diluted) for the period from the IPO closing on April 22, 2014 through June 30, 2014 Board of Directors approved 50% increase in quarterly dividend to $0.30 per share Continued to execute on growth... More