MSCI Inc (NYSE:MSCI) Announces Quarterly Dividend of $2.05

MSCI Inc (NYSE:MSCI) announced a quarterly dividend on Monday, October 19th. Investors of record on Friday, November 13th will be given a dividend of $2.05 per share by the technology company on Friday, November 27th. This represents a $8.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 13th.

MSCI has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 11 years. MSCI has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MSCI to earn $22.33 per share next year, which means the company should continue to be able to cover its $8.20 annual dividend with an expected future payout ratio of 36.7%.

MSCI Stock Up 1.2%

MSCI stock opened at $598.76 on Wednesday. The business’s 50-day moving average price is $559.56 and its 200 day moving average price is $576.20. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. MSCI has a 52 week low of $501.08 and a 52 week high of $644.77.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, October 20th. The technology company reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.03 by $0.08. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%. The company had revenue of $892.00 million during the quarter, compared to the consensus estimate of $887.83 million. During the same period in the previous year, the company posted $4.47 earnings per share. MSCI’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts expect that MSCI will post 19.55 EPS for the current year.

About MSCI

MSCI Inc (NYSE:MSCI) is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.