Moody's Co. (MCO) to Issue Quarterly Dividend of $0.44

Moody's Co. (NYSE:MCO) declared a quarterly dividend on Wednesday, January 24th, RTT News reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.44 per share by the business services provider on Monday, March 12th. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, February 16th. This is an increase from Moody's’s previous quarterly dividend of $0.38.

Moody's has increased its dividend by an average of 10.7% per year over the last three years and has increased its dividend every year for the last 8 years. Moody's has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Moody's to earn $8.34 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 18.2%.

Moody's (NYSE:MCO) opened at $163.55 on Thursday. The firm has a market cap of $30,865.60, a price-to-earnings ratio of 26.89, a PEG ratio of 1.96 and a beta of 1.36. Moody's has a 1-year low of $109.00 and a 1-year high of $167.23. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15.

Moody's (NYSE:MCO) last released its earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. research analysts expect that Moody's will post 7.5 EPS for the current year.

In other Moody's news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the sale, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 1,005 shares of company stock valued at $148,738. Company insiders own 1.17% of the company’s stock.

MCO has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 target price on shares of Moody's in a research note on Monday, November 6th. UBS Group increased their target price on Moody's from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Credit Suisse Group increased their target price on Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. BMO Capital Markets increased their target price on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Argus increased their target price on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $163.50.

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About Moody's

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

Dividend History for Moody's (NYSE:MCO)

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