MSCI Inc (MSCI) will raise its quarterly dividend by 17.2 percent to $0.68 per share in 2019. The company has now hiked its dividend for five consecutive years.
The third quarter 2019 dividend is payable on August 30, 2019 to shareholders of record as of the close of trading on August 16, 2019. A new annual rate of $2.72 per share yields 1.2% at a stock price of $220.
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.