Moelis & Company (MC) Announces $0.60 Regular Dividend; Approves $100M Share Buyback

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Go back to Moelis & Company (MC) Announces $0.60 Regular Dividend; Approves $100M Share Buyback

Moelis & Company Reports Record Second Quarter and First Half 2021 Financial Results; Increases Regular Quarterly Dividend 9% to $0.60 Per Share and Board Approves Share Repurchase Authorization I

July 21, 2021 4:17 PM EDT

 Record Second Quarter and First Half Revenues and Earnings Per Share

Second quarter revenues of $360.9 million, up 126% from the same period of 2020 First half revenues of $624.8 million, up 99% from the first half of 2020 GAAP net income of $1.17 per share (diluted) for the second quarter of 2021 and $2.17 per share (diluted) for the first half; Adjusted net income of $1.19 per share (diluted) for the second quarter of 2021 and $2.21 per share (diluted) for the first half Second quarter 2021 adjusted pre-tax margin of 34% versus (11%) in the prior year period; first half... More