FactSet Research Systems Inc. (NYSE:FDS) Declares Dividend Increase - $1.16 Per Share

Key Points

• FactSet declared a quarterly dividend of $1.16 (a 5.5% increase from $1.10), payable June 18 to shareholders of record on May 29, with an annualized yield of about 2.1%.
• The company has raised its dividend for 27 consecutive years, with a current payout ratio around 24% and analysts' forecasts implying a future payout near 22.6%, suggesting the dividend is well covered by earnings.
• In the latest quarter FactSet reported $4.46 EPS (beating estimates) and revenue of $611.02M (up 7.1% YoY); the stock traded near $219.50 with a P/E of about 14.1 and a market cap of roughly $8B.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 29th will be paid a dividend of 1.16 per share by the business services provider on Thursday, June 18th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 29th. This is a 5.5% increase from FactSet Research Systems's previous quarterly dividend of $1.10.

FactSet Research Systems has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 27 consecutive years. FactSet Research Systems has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Analysts expect FactSet Research Systems to earn $19.50 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 22.6%.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded down $4.94 on Tuesday, hitting $219.50. The company's stock had a trading volume of 1,625,595 shares, compared to its average volume of 974,920. The company has a fifty day moving average price of $217.35 and a 200-day moving average price of $251.74. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems has a one year low of $185.00 and a one year high of $474.79. The firm has a market cap of $8.00 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, topping the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. During the same quarter in the prior year, the firm earned $4.28 EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems will post 17.65 earnings per share for the current year.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company's core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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