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Don’t Get Caught Up In The Apparent High Yield Of Moelis Stock Before The Special Dividend Goes Ex

Summary

I wrote on Moelis & Company on December 20, 2019, when MC was trading at $32.60. Today the stock is at $39.95, up +22.5%.

On February 5, the company declared a special dividend of $0.75 per share, along with a small increase in its quarterly dividend to $0.51, up from $0.50.

The stock has a 5.11% dividend yield, ex the special dividend, and trades at 21 times earnings.

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