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

Monroe Capital Co. (NASDAQ:MRCC) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.25 per share by the financial services provider on Monday, December 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date is Monday, December 16th.

Monroe Capital has decreased its dividend payment by an average of 3.1% per year over the last three years. Monroe Capital has a payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Stock Down 0.2 %

Monroe Capital stock opened at $8.55 on Friday. The company’s 50-day moving average is $8.25 and its 200 day moving average is $7.88. Monroe Capital has a 1-year low of $6.77 and a 1-year high of $8.74. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.37 and a quick ratio of 4.37.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MRCC. B. Riley lowered shares of Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price objective for the company. in a research note on Wednesday. StockNews.com cut shares of Monroe Capital from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.