Moody's Corp (MCO) will raise its quarterly dividend by 12.0 percent to $0.28 per share. This is the second dividend hike announced this year by the company and brings the total dividend growth to 40.0 percent in 2013.

Moody's Corp provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The company went public in 1998 and has paid a dividend every year since 2000.