MSCI Inc (MSCI) will raise its quarterly dividend by 52.6 percent to $0.58 per share in 2018. The company started a dividend in 2014 and hiked its payout every year since.
The third quarter 2018 dividend is payable on August 31, 2018 to shareholders of record as of the close of trading on August 17, 2018. The new annual dividend of $2.32 per share yields 1.4% at a stock price of $166.82.
MSCI states that it is increasing its dividend payout ratio target to a range of 40% to 50% percent of adjusted EPS, from a previous range of 30% to 40%.
MSCI Inc. offers products and services to support the needs of institutional investors throughout their investment processes. The company produces indices and risk and return portfolio analytics for use in managing investment portfolios. MSCI was a pioneer in developing the market for global equity indexes. The company began licensing its first equity index products in 1969.
2022