Msci Inc (NYSE:MSCI) Announces Quarterly Dividend of $0.68
Msci Inc (NYSE:MSCI) announced a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.68 per share by the technology company on Friday, August 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from Msci’s previous quarterly dividend of $0.58.
Msci has increased its dividend by an average of 33.9% per year over the last three years and has increased its dividend every year for the last 4 years. Msci has a dividend payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Msci to earn $7.12 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 38.2%.
Shares of MSCI stock traded up $3.28 during mid-day trading on Tuesday, reaching $223.24. 1,531 shares of the company were exchanged, compared to its average volume of 567,105. Msci has a fifty-two week low of $134.28 and a fifty-two week high of $247.57. The company has a market capitalization of $18.98 billion, a P/E ratio of 41.85, a P/E/G ratio of 3.55 and a beta of 1.12. The company has a 50 day moving average price of $234.46.
A number of research firms have recently weighed in on MSCI. Barclays reissued a “buy” rating and set a $240.00 price target on shares of Msci in a research report on Sunday, May 5th. Morgan Stanley lifted their price objective on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $234.00 to $258.00 in a report on Monday, July 8th. Cantor Fitzgerald lifted their price objective on shares of Msci from $188.00 to $247.00 in a report on Friday, May 3rd. Finally, TheStreet downgraded shares of Msci from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $217.63.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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