Moelis & Company (MC) Raises Quarterly Dividend 6.7% to $0.32; 5.2% Yield
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Moelis & Company Reports Second Quarter 2016 Financial Results; Increases Quarterly Dividend to $0.32 Per Share
August 3, 2016 4:16 PM EDTRecord Second Quarter and First Half Revenues
Second quarter revenues of $131.7 million, up 5% from the second quarter of 2015; first half revenues of $258.1 million, up 15% from the same period of 2015 GAAP net income of $0.29 per share (diluted) for the second quarter and $0.60 per share (diluted) for the first half of 2016; Adjusted net income of $0.35 per share (diluted) and $0.69 per share (diluted) for the second quarter and first half of 2016, respectively Board of Directors approved 7% increase in quarterly dividend to $0.32 per share... More