MSCI Inc (MSCI) to Issue Quarterly Dividend of $2.05 on November 27th

MSCI Inc (NYSE:MSCI) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Friday, November 13th will be given a dividend of $2.05 per share by the technology company on Friday, November 27th. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th.

MSCI has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. MSCI has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MSCI to earn $22.33 per share next year, which means the company should continue to be able to cover its $8.20 annual dividend with an expected future payout ratio of 36.7%.

MSCI Trading Up 1.4%

Shares of NYSE MSCI traded up $8.33 during midday trading on Wednesday, hitting $600.02. The company’s stock had a trading volume of 49,227 shares, compared to its average volume of 636,925. MSCI has a 12-month low of $501.08 and a 12-month high of $644.77. The firm has a market cap of $43.62 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The business’s 50 day moving average is $559.56 and its two-hundred day moving average is $576.20.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, October 20th. The technology company reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.03 by $0.08. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%. The company had revenue of $892.00 million during the quarter, compared to analysts’ expectations of $887.83 million. During the same quarter in the previous year, the business earned $4.47 EPS. MSCI’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that MSCI will post 19.55 earnings per share for the current fiscal year.

Insider Buying and Selling at MSCI

In related news, CFO Andrew Wiechmann sold 450 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $570.00, for a total value of $256,500.00. Following the completion of the sale, the chief financial officer owned 21,644 shares in the company, valued at approximately $12,337,080. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.76% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of MSCI in the 2nd quarter worth $3,062,626,000. Bamco Inc. NY purchased a new position in shares of MSCI during the second quarter valued at $1,798,710,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of MSCI during the second quarter valued at $480,613,000. Generation Investment Management LLP purchased a new position in shares of MSCI during the second quarter valued at $301,493,000. Finally, Legal & General Group Plc purchased a new position in shares of MSCI during the second quarter valued at $257,687,000. Institutional investors own 89.97% of the company’s stock.

MSCI Company Profile

MSCI Inc (NYSE:MSCI) is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.