MSCI hikes dividend by 33.3%
MSCI Inc (MSCI) will raise its quarterly dividend by 33.3 percent to $1.04 per share in 2021. This follows a dividend hike of 14.7 percent to $0.78 per share announced in 2020. The analytics and ratings company has now hiked its dividend for 7 consecutive years.
The next dividend will be payable on August 31, 2021 to shareholders of record as of the close of trading on August 13, 2021. A new annual rate of $4.16 per share yields 0.5% at a stock price of $591.
MSCI started paying a dividend in 2014 and has raised its payment by at least double digits every year since. The company now pays an estimated $344 million in dividends to shareholders annually.
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 and has paid a dividend to shareholders every year since 2014.
