Moelis & Company (MC) Declares $0.60 Quarterly Dividend; 4.4% Yield
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Moelis & Company Reports Fourth Quarter and Full Year 2023 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share
February 7, 2024 4:15 PM ESTFourth quarter GAAP revenues of $214.9 million; fourth quarter Adjusted revenues of $214.9 million, up 6% from the prior year period Full year 2023 GAAP revenues of $854.7 million; full year 2023 Adjusted revenues of $860.1 million, down 11% from the prior year GAAP net loss of $0.08 per share for the fourth quarter of 2023 and $0.36 per share for full year 2023; Adjusted net loss of $0.06 per share for the fourth quarter of 2023 and $0.20 per share for full year 2023 Continued to execute on our growth strategy: In 2023, we promoted eight advisory professionals to Managing Director and hired 24 Managing Directors in... More
