MSCI Inc (NYSE:MSCI) Shareholders to Get $2.05 Quarterly Dividend

Key Points

• MSCI declared a quarterly dividend of $2.05 per share, payable November 27 to shareholders of record on November 13. The dividend represents an annualized payout of $8.20 and a 1.4% yield.
• MSCI has raised its dividend for 11 consecutive years, with a 43.5% payout ratio. Analysts expect the dividend to remain covered by projected earnings, implying a future payout ratio of 36.7%.
• Shares rose 5.3% to $593.09, while quarterly results exceeded expectations: adjusted EPS was $5.11 versus $5.03 expected, and revenue increased 12.4% year over year to $892 million.

MSCI Inc (NYSE:MSCI - Get Free Report) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 13th will be paid a dividend of $2.05 per share by the technology company on Friday, November 27th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th.

MSCI has increased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. MSCI has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. 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 5.3%

Shares of MSCI traded up $29.60 during trading hours on Tuesday, reaching $593.09. The stock had a trading volume of 1,437,052 shares, compared to its average volume of 640,074. MSCI has a 52 week low of $501.08 and a 52 week high of $644.77. The firm has a 50-day moving average of $558.93 and a 200 day moving average of $575.81. The company has a market cap of $43.12 billion, a P/E ratio of 32.44, a P/E/G ratio of 2.16 and a beta of 1.24.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The technology company reported $5.11 EPS for the quarter, topping the consensus estimate of $5.03 by $0.08. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%. The business had revenue of $892.00 million for the quarter, compared to the consensus estimate of $887.83 million. During the same quarter last year, the business posted $4.47 EPS. The firm's revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts expect that MSCI will post 19.55 earnings per share 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.

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