Moelis & Company (MC) Declares $0.60 Quarterly Dividend; 4.4% Yield
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Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share
April 24, 2024 4:15 PM EDTFirst quarter GAAP revenues of $217.5 million; first quarter Adjusted revenues of $217.5 million, up 17% from the prior year period GAAP and Adjusted net income of $0.22 per share for the first quarter of 2024; GAAP and Adjusted net income includes a $0.14 per share (diluted) tax benefit Continued to execute on our growth strategy: Promoted seven advisory professionals to Managing Director Hired four Managing Directors - three in the Energy sector and one to cover credit funds Strong balance sheet with cash and short-term investments of $124.9 million and no debt or... More
