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.
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.
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.
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