Monroe Capital Co. (NASDAQ:MRCC – Get Free Report) 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 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.
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