Moelis & Company (MC) Raises Quarterly Dividend 6.4% to $0.50; 4.5% Yield
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Moelis & Company Reports Fourth Quarter and Full Year 2018 Financial Results; Declares Special Dividend of $1.25 Per Share and Increases Regular Quarterly Dividend to $0.50 Per Share
February 6, 2019 4:17 PM ESTRecord Fourth Quarter and Full Year Revenues
Record fourth quarter revenues of $238.3 million, up 41% from the same period of 2017 Record annual revenues of $885.8 million, up 29% from the prior year GAAP net income of $0.72 per share (diluted) for the fourth quarter 2018 and $2.78 per share (diluted) for the full year; Adjusted net income of $0.77 per share (diluted) for the fourth quarter 2018 and $3.00 per share (diluted) for the full year Continued to execute on organic growth strategy Added ten Managing Directors in 2018... More