Msci Inc (NYSE:MSCI) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.58 per share by the technology company on Friday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, November 15th.
Msci has raised its dividend payment by an average of 94.3% annually over the last three years and has raised its dividend every year for the last 3 years. Msci has a dividend payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Msci to earn $5.93 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 39.1%.
Shares of NYSE MSCI opened at $149.79 on Friday. Msci has a twelve month low of $123.80 and a twelve month high of $184.22. The company has a quick ratio of 2.65, a current ratio of 2.75 and a debt-to-equity ratio of 6.80. The company has a market capitalization of $13.37 billion, a PE ratio of 29.72, a PEG ratio of 2.88 and a beta of 1.09.
A number of brokerages recently commented on MSCI. BMO Capital Markets lowered their price objective on Msci from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Morgan Stanley set a $172.00 price objective on Msci and gave the stock a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Cantor Fitzgerald upped their price objective on Msci to $192.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Finally, Barclays restated a “hold” rating and set a $175.00 price objective on shares of Msci in a research note on Sunday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $175.29.
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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