Business Highlights and Growth Opportunities
Commitment to Capital Return and A Strong Balance Sheet
Capital Return
We remain committed to our capital return
objectives which include¹:
Growing the per share dividend as earnings
increase over time, reflective in our most
recent dividend increase to $0.76 per share
(approved in Q2 2023)
16th consecutive year of dividend increase
► Offsetting dilution associated with annual
bonus equity and new hire grants through
share repurchases
Returning excess cash not needed for
investment in the business through share
repurchases
Strong Balance Sheet
Strong and liquid balance sheet
We hold cash and investments necessary to fund
prior deferred cash bonus obligations that are to
be paid in cash in the future
Continue to deliver low leverage and strong
interest coverage, maintaining its ratios well in
excess of amounts required
3.0 Million
Shares Repurchased in 9M23
1.
Subject to our future earnings and our need to maintain a strong liquidity position
2.
Includes cash and investment securities held to satisfy near-term compensation obligations
EVERCORE
14
~$1.6 Billion
Cash, Cash Equivalents and Investment
Securities as of September 30, 20232View entire presentation