Monroe Capital Corporation (NASDAQ:MRCC) Updates On Dividend Release Date


On 2016-08-31, Monroe Capital Corporation (NASDAQ:MRCC) confirmed the dividend disbursement of $0.35 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Monroe Capital Corporation (NASDAQ:MRCC) paid a total of $0.35 per share in dividends. This figure stood at $0.35 a share in the same period a year ago indicating a deviation of 2.9412%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $16.375 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $18.5 and $15, respectively.

Taking the mathematical rating formula, the price for Monroe Capital Corporation (NASDAQ:MRCC) stands at 1.33. Earnings Review Monroe Capital Corporation (NASDAQ:MRCC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-14. For the period ending on 2016-09-30, experts are expecting EPS of $0.39.

Coming to the quarter ending on 2015-12-31, Monroe Capital Corporation (NASDAQ:MRCC) recorded EPS of $0.44. The reported numbers came lower than the analysts’ estimates of $0.39, demonstrating a miss of $0.05 as against reported figures.

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