MSCI Inc (NYSE:MSCI) Declares Quarterly Dividend of $2.05

MSCI Inc (NYSE:MSCI) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Friday, February 13th will be given a dividend of 2.05 per share by the technology company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 13th. This is a 13.9% increase from MSCI’s previous quarterly dividend of $1.80.

MSCI has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. MSCI has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MSCI to earn $19.04 per share next year, which means the company should continue to be able to cover its $7.20 annual dividend with an expected future payout ratio of 37.8%.

MSCI Stock Performance

Shares of MSCI stock traded up $32.82 during midday trading on Wednesday, hitting $614.57. 746,567 shares of the company were exchanged, compared to its average volume of 422,368. MSCI has a 52 week low of $486.73 and a 52 week high of $621.38. The firm has a market capitalization of $46.18 billion, a P/E ratio of 38.95, a PEG ratio of 2.53 and a beta of 1.30. The firm’s 50 day moving average price is $570.24 and its two-hundred day moving average price is $565.28.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.04. The firm had revenue of $822.53 million during the quarter, compared to the consensus estimate of $819.51 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $4.18 earnings per share. Analysts expect that MSCI will post 16.86 EPS for the current year.

MSCI announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.