Monroe Capital Co. to Issue Quarterly Dividend of $0.25 (NASDAQ:MRCC)

Monroe Capital Co. (NASDAQ:MRCC) announced a quarterly dividend on Tuesday, September 3rd, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.25 per share by the financial services provider on Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 12.39%. The ex-dividend date of this dividend is Monday, September 16th.

Monroe Capital has decreased its dividend payment by an average of 3.1% annually over the last three years. Monroe Capital has a dividend payout ratio of 99.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Monroe Capital to earn $1.03 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 97.1%.

Monroe Capital Trading Up 0.6 %

Shares of MRCC opened at $8.07 on Friday. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average price of $7.66 and a two-hundred day moving average price of $7.45. Monroe Capital has a 52-week low of $6.69 and a 52-week high of $8.14.

Monroe Capital (NASDAQ:MRCC) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Monroe Capital had a return on equity of 11.47% and a net margin of 12.59%. The business had revenue of $15.63 million during the quarter, compared to analysts’ expectations of $15.10 million. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that Monroe Capital will post 1.12 earnings per share for the current year.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.