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

Monroe Capital Co. (NASDAQ:MRCC - Get Free Report) declared 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 dividend yield of 15.41%. The ex-dividend date of this dividend is Monday, June 16th.

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. 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 $1.00 annual dividend with an expected future payout ratio of 93.5%.

Monroe Capital Trading Up 1.4%

Shares of NASDAQ:MRCC traded up $0.09 during mid-day trading on Friday, reaching $6.49. 99,204 shares of the company were exchanged, compared to its average volume of 65,333. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37. The firm has a market cap of $140.61 million, a price-to-earnings ratio of 10.82 and a beta of 0.88. The firm's 50-day simple moving average is $6.77 and its 200 day simple moving average is $7.80. Monroe Capital has a 1 year low of $6.11 and a 1 year high of $8.85.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Oppenheimer reduced their price objective on shares of Monroe Capital from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Tuesday, March 4th. Wall Street Zen lowered shares of Monroe Capital from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

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.