Moody’s Co. (NYSE:MCO) announced a quarterly dividend on Thursday, July 30th, Zacks reports. Investors of record on Thursday, August 20th will be given a dividend of 0.56 per share by the business services provider on Thursday, September 10th. This represents a $2.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 19th.

Moody’s has increased its dividend by an average of 35.1% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Moody’s has a dividend payout ratio of 27.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Moody’s to earn $9.46 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 23.7%.

MCO opened at $281.30 on Friday. Moody’s has a one year low of $164.19 and a one year high of $296.66. The business’s 50 day moving average price is $281.46 and its 200 day moving average price is $255.09. The company has a debt-to-equity ratio of 9.17, a quick ratio of 1.70 and a current ratio of 2.10. The stock has a market capitalization of $53.21 billion, a PE ratio of 34.90, a P/E/G ratio of 3.17 and a beta of 1.19.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.55. Moody’s had a net margin of 33.38% and a return on equity of 204.46%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $2.07 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that Moody’s will post 8.95 earnings per share for the current fiscal year.

In related news, CEO Raymond W. Mcdaniel sold 7,500 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $245.64, for a total transaction of $1,842,300.00. Following the completion of the sale, the chief executive officer now owns 242,131 shares in the company, valued at approximately $59,477,058.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen T. Tulenko sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $253.22, for a total transaction of $506,440.00. Following the sale, the insider now owns 11,544 shares of the company’s stock, valued at approximately $2,923,171.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,727 shares of company stock valued at $16,235,465. Corporate insiders own 0.79% of the company’s stock.

MCO has been the topic of several recent research reports. Oppenheimer began coverage on shares of Moody’s in a report on Monday, May 18th. They set an “outperform” rating and a $290.00 target price on the stock. UBS Group boosted their target price on shares of Moody’s from $344.00 to $358.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Co boosted their target price on shares of Moody’s from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Morgan Stanley decreased their price target on shares of Moody’s from $278.00 to $275.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $298.00 target price for the company in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $286.85.

About Moody’s

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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