Msci Inc (MSCI) to Issue $0.58 Quarterly Dividend

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Msci Inc (NYSE:MSCI) declared a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.58 per share by the technology company on Friday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 15th.

Msci has increased its dividend payment by an average of 94.3% annually over the last three years and has raised its dividend every year for the last 3 years. Msci has a dividend payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Msci to earn $5.93 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 39.1%.

Shares of MSCI opened at $149.79 on Friday. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 2.88 and a beta of 1.09. Msci has a 12 month low of $123.80 and a 12 month high of $184.22. The company has a debt-to-equity ratio of 6.80, a quick ratio of 2.65 and a current ratio of 2.75.

Msci (NYSE:MSCI) last announced its earnings results on Thursday, November 1st. The technology company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.06. The firm had revenue of $357.90 million for the quarter, compared to the consensus estimate of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. On average, equities research analysts forecast that Msci will post 5.27 EPS for the current year.

Several research analysts have commented on the company. Barclays cut their target price on Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday, November 2nd. Cantor Fitzgerald lifted their target price on Msci to $192.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Zacks Investment Research raised Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Morgan Stanley lifted their target price on Msci from $168.00 to $174.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets assumed coverage on Msci in a report on Wednesday, July 25th. They set an “outperform” rating and a $198.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $175.29.

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Msci Company Profile

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.

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Dividend History for Msci (NYSE:MSCI)

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