Msci Inc (NYSE:MSCI) Plans Dividend Increase – $0.68 Per Share

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Msci Inc (NYSE:MSCI) declared a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Investors 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, August 15th. This is an increase from Msci’s previous quarterly dividend of $0.58.

Msci has raised its dividend payment by an average of 33.9% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Msci has a dividend payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. 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 opened at $226.31 on Wednesday. The stock’s 50-day moving average is $234.27. The firm has a market cap of $18.98 billion, a P/E ratio of 42.30, a P/E/G ratio of 3.55 and a beta of 1.12. Msci has a fifty-two week low of $134.28 and a fifty-two week high of $247.57.

Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.03. The company had revenue of $385.56 million for the quarter, compared to the consensus estimate of $382.81 million. Msci had a negative return on equity of 599.92% and a net margin of 39.27%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. Equities research analysts anticipate that Msci will post 6.31 EPS for the current year.

MSCI has been the topic of several analyst reports. TheStreet downgraded Msci from a “b” rating to a “c+” rating in a research report on Tuesday, August 6th. Barclays reaffirmed a “buy” rating and set a $240.00 price target on shares of Msci in a research report on Sunday, May 5th. UBS Group downgraded Msci from a “buy” rating to a “neutral” rating and increased their price target for the stock from $234.00 to $258.00 in a research report on Monday, July 8th. Morgan Stanley increased their price target on Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Finally, Cantor Fitzgerald increased their target price on shares of Msci from $188.00 to $247.00 in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $217.63.

About Msci

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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Dividend History for Msci (NYSE:MSCI)

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