The board of directors of Monroe Capital Corporation, the business development company of Monroe Capital, has declared a dividend of $0.34 cents per share for the fourth quarter.
The dividend will be payable on 30 December to recorded stockholders. The company also allows for reinvestment of dividends by stockholders, unless they opt to receive cash. Stockholders who haven’t actively opted out of the dividend reinvestment plan will have their dividend automatically reinvested in additional shares of MRCC stock.
The announcement comes on the heels of Monroe’s strong third quarter earnings report. Monroe Capital Corporation is a publicly-traded specialty finance company that invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in mid-market companies. The company's investment activities are managed by Monroe Capital BDC Advisors, an investment adviser registered under the Investment Advisers Act of 1940 and an affiliate of Chicago-based lender Monroe Capital.
Monroe Capital provides senior and junior debt and equity co-investments to mid-market companies in the US and Canada.