Moody’s Co. Plans Quarterly Dividend of $0.50 (NYSE:MCO)

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Moody’s Co. (NYSE:MCO) declared a quarterly dividend on Wednesday, July 10th, RTT News reports. Shareholders of record on Tuesday, August 20th will be given a dividend of 0.50 per share by the business services provider on Tuesday, September 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, August 19th.

Moody’s has raised its dividend by an average of 9.0% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Moody’s has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Moody’s to earn $8.79 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.8%.

MCO opened at $214.29 on Friday. The company has a debt-to-equity ratio of 10.04, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market capitalization of $39.72 billion, a P/E ratio of 29.00 and a beta of 1.26. The company’s 50-day simple moving average is $205.00 and its two-hundred day simple moving average is $187.87. Moody’s has a 52-week low of $129.26 and a 52-week high of $220.68.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 EPS. Research analysts forecast that Moody’s will post 8.02 EPS for the current fiscal year.

Several equities analysts have recently weighed in on MCO shares. JPMorgan Chase & Co. increased their price objective on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Cantor Fitzgerald increased their price objective on shares of Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Morgan Stanley increased their price objective on shares of Moody’s from $150.00 to $164.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. Argus increased their price objective on shares of Moody’s to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus increased their price objective on shares of Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Moody’s currently has an average rating of “Hold” and an average target price of $200.27.

In other Moody’s news, insider Raymond W. Mcdaniel sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the sale, the insider now owns 205,294 shares in the company, valued at approximately $43,705,039.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Almeida sold 27,236 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total transaction of $5,639,486.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,379 shares of company stock worth $19,615,656. 0.90% of the stock is owned by company insiders.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Dividend History for Moody`s (NYSE:MCO)

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