Moody’s Corp. (MCO) Raises Quarterly Dividend 21.4% to $0.34; Approves $1B Buyback Plan

Moody’s Corp. (NYSE: MCO) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 21.4% increase from the prior dividend of $0.28.

The dividend will be payable on March 10, 2015, to stockholders of record on February 20, 2015, with an ex-dividend date of February 18, 2015.

The annual yield on the dividend is 1.5 percent.

In addition, the Board authorized a new $1 billion share repurchase program. Moody's expects to commence repurchases under the new program following completion of the existing program, which had $1 billion of share repurchase authority remaining as of September 30, 2014.

The company plans to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions. As a result, the company's share repurchase activity may vary from quarter to quarter.

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