13.3% dividend yield, US$721 million in cash and no debt Moelis & Co. is an investment bank and a trusted advisor in mergers and acquisitions, restructuring, and other capital markets work. It played a role in several big deals -- including Walt Disney's $85 billion acquisition of 21st Century Fox, CBS and Viacom's $48 million merger, and Hertz Global Holdings' $24 billion restructuring.
Moelis & Co. is the No. 1 ranking restructuring advisory in the U.S. and the world and benefited from strong deal activity in what turned out to be a record year for investment bankers. There were 62,000 announced deals across the globe with deal value totaling $5.1 trillion, smashing the previous record of $4.2 trillion in 2007.
The firm has cash and liquid assets of $721 million, with no debt or goodwill.
Last year, the company declared $6.85 in dividends, including two special dividends of $2 and $2.50. Including these special dividend boosts, Moelis & Co.'s dividend yield was 13.3%.
Although the pace of growth for investment banking will not continue at the same rate, analysts from the accounting firm PricewaterhouseCoopers believe the level of deal making will remain robust.
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