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Houlihan Lokey board hikes dividend

Houlihan Lokey Inc.'s board increased the dividend to 20 cents per class A and class B common share for its fiscal fourth quarter of 2017.

The previous dividend was 17 cents per class A and class B common share. The latest dividend will be paid March 15 to shareholders of record as of the close of business March 3.

Houlihan Lokey reported net income attributable to the company of $34.0 million, or 51 cents per share, for the fiscal third quarter of 2017, compared with $22.7 million, or 35 cents per share, in the year-ago quarter.