Monroe Capital Corporation to Issue Quarterly Dividend of $0.09 (NASDAQ:MRCC)

Monroe Capital Corporation (NASDAQ:MRCC) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Monday, March 16th will be given a dividend of 0.09 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, March 16th.

Monroe Capital has decreased its dividend by an average of 0.1%per year over the last three years. Monroe Capital has a dividend payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Monroe Capital to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 67.3%.

Monroe Capital Stock Down 7.0%

NASDAQ MRCC opened at $4.50 on Friday. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $97.52 million, a price-to-earnings ratio of -23.68 and a beta of 0.75. The company has a 50 day moving average of $6.27 and a 200-day moving average of $6.67. Monroe Capital has a 1-year low of $4.47 and a 1-year high of $8.29.

Monroe Capital (NASDAQ:MRCC) last posted its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. Monroe Capital had a negative net margin of 9.58% and a positive return on equity of 8.49%. The business had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.90 million. On average, equities research analysts expect that Monroe Capital will post 1.14 earnings per share for the current fiscal year.

Monroe Capital Company Profile

Monroe Capital Corporation (NASDAQ: MRCC) is a publicly traded business development company that specializes in providing flexible debt financing solutions to middle-market companies across North America. The firm structures and underwrites a range of senior secured loans, unitranche financings, second-lien loans, mezzanine debt and equity co-investments. Monroe Capital’s offerings are designed to support corporate growth, acquisitions, recapitalizations and refinancings across diverse industries, including business services, healthcare, manufacturing and specialty finance.

Headquartered in Chicago, Illinois, Monroe Capital was founded in 2004 and has since built a national footprint by maintaining offices in key U.S.