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Moelis declares special dividend, ups quarterly dividend

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Moelis declares special dividend, ups quarterly dividend

Moelis & Co.'s board authorized a special dividend of $1.50 per common share.

Additionally, the board raised the company's regular quarterly dividend to 47 cents per share from the previous payout of 37 cents.

The dividends are payable March 7 to common stockholders of record as of Feb. 20.

Moelis also reported a fourth-quarter 2017 net loss attributable to the company of $24.8 million, or a loss of 72 cents per class A common share, compared with net income attributable to the company of $15.0 million, or 58 cents per class A common share, in the year-ago period.

Adjusted net income attributable to the company was $34.1 million, or 52 cents per share, for the quarter, compared with $39.3 million, or 66 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 42 cents.

For full year 2017, the company had net income attributable to the company of $29.4 million, or 78 cents per share, compared with $38.4 million, or $1.58 per share, in the prior year.

Adjusted net income attributable to the company was $145.6 million, or $2.29 per share, compared with $104.5 million, or $1.80 per share, a year ago.

The S&P Capital IQ consensus normalized EPS estimate for the year was $2.09.