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 paid a dividend of 0.50 per share by the business services provider on Tuesday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%.

Moody’s has raised its dividend by an average of 9.0% annually over the last three years and has raised its dividend every year for the last 9 years. Moody’s has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Moody’s to earn $8.74 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 22.9%.

Shares of MCO opened at $201.66 on Friday. The company has a market capitalization of $37.88 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 17.70. Moody’s has a 12 month low of $129.26 and a 12 month high of $202.94. The business’s 50-day simple moving average is $192.50.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.19. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 earnings per share. On average, analysts expect that Moody’s will post 7.92 earnings per share for the current fiscal year.

In other news, CEO Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $198.46, for a total value of $1,488,450.00. Following the completion of the transaction, the chief executive officer now owns 212,794 shares in the company, valued at $42,231,097.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Fauber sold 460 shares of Moody’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00. Following the completion of the transaction, the insider now owns 47,406 shares of the company’s stock, valued at approximately $8,762,999.10. The disclosure for this sale can be found here. Insiders sold 147,854 shares of company stock valued at $27,854,940 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

MCO has been the subject of a number of analyst reports. UBS Group raised their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Co upgraded shares of California Water Service Group to a “market perform” rating in a research note on Thursday, April 25th. Morgan Stanley raised their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, ValuEngine upgraded shares of Yara International ASA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $189.18.

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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