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

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) announced a quarterly dividend on Wednesday, June 4th, RTT News reports. Investors of record on Monday, June 16th will be given a dividend of 0.25 per share by the financial services provider on Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 15.82%.

Monroe Capital has a payout ratio of 123.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Monroe Capital to earn $1.07 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 93.5%.

Monroe Capital Price Performance

Monroe Capital stock traded down $0.04 during midday trading on Wednesday, reaching $6.32. 69,760 shares of the company were exchanged, compared to its average volume of 65,930. The company has a market capitalization of $136.93 million, a price-to-earnings ratio of 10.53 and a beta of 0.91. The firm's 50-day simple moving average is $6.84 and its 200-day simple moving average is $7.84. Monroe Capital has a 1 year low of $6.11 and a 1 year high of $8.85. The company has a debt-to-equity ratio of 1.49, a quick ratio of 4.37 and a current ratio of 4.37.

Monroe Capital (NASDAQ:MRCC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.08). The company had revenue of $11.64 million for the quarter, compared to analysts' expectations of $13.81 million. Monroe Capital had a return on equity of 12.14% and a net margin of 20.97%. On average, analysts anticipate that Monroe Capital will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on MRCC. Wall Street Zen cut Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Oppenheimer lowered their price target on Monroe Capital from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Tuesday, March 4th.

About Monroe Capital

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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