Monroe Capital Corp (NASDAQ:MRCC) Announces Quarterly Dividend of $0.35

Monroe Capital Corp (NASDAQ:MRCC) announced a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.35 per share by the financial services provider on Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.27%. The ex-dividend date of this dividend is Friday, September 13th.

Monroe Capital has a dividend payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Monroe Capital to earn $1.44 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 97.2%.

MRCC stock traded down $0.01 during trading on Thursday, hitting $10.55. 500 shares of the stock traded hands, compared to its average volume of 107,612. Monroe Capital has a 1 year low of $9.10 and a 1 year high of $14.05. The firm’s 50 day moving average is $10.62 and its two-hundred day moving average is $11.65. The stock has a market cap of $215.38 million, a price-to-earnings ratio of 6.71 and a beta of 1.16. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.21 and a quick ratio of 4.21.

Monroe Capital (NASDAQ:MRCC) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Monroe Capital had a net margin of 18.88% and a return on equity of 11.43%. The company had revenue of $16.72 million for the quarter, compared to the consensus estimate of $17.00 million. As a group, analysts anticipate that Monroe Capital will post 1.4 EPS for the current fiscal year.

MRCC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Monroe Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of Monroe Capital from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. Finally, B. Riley set a $12.00 price objective on shares of Monroe Capital and gave the stock a “hold” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.

About Monroe Capital

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate.

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Dividend History for Monroe Capital (NASDAQ:MRCC)

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