Moody’s Corporation (NYSE:MCO) to Issue $0.94 Quarterly Dividend

Moody’s Corporation (NYSE:MCO) declared a quarterly dividend on Tuesday, October 21st. Investors of record on Friday, November 21st will be paid a dividend of 0.94 per share by the business services provider on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st.

Moody’s has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Moody’s to earn $15.60 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 24.1%.

Moody’s Trading Down 2.7%

Shares of MCO stock opened at $471.59 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $84.41 billion, a PE ratio of 40.07, a P/E/G ratio of 2.96 and a beta of 1.41. Moody’s has a 1-year low of $378.71 and a 1-year high of $531.93. The business’s fifty day moving average price is $494.68 and its 200 day moving average price is $483.55.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.22. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.Moody’s’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, sell-side analysts forecast that Moody’s will post 13.95 EPS for the current fiscal year.

About Moody’s

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.