Moody’s Corporation Declares Quarterly Dividend and Increases Share Repurchase Authorization by $1 Billion
December 15 2015 - 5:17PM
Business Wire
On December 15, 2015, the Board of Directors of Moody’s
Corporation (NYSE:MCO) declared a regular quarterly dividend of 37
cents per share of MCO Common Stock, a 9 percent increase from the
prior quarterly dividend of 34 cents per share. The dividend will
be payable on March 10, 2016 to stockholders of record at the close
of business on February 19, 2016.
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 approximately $658 million of share repurchase authority
remaining as of September 30, 2015.
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.
ABOUT MOODY’S CORPORATION
Moody's is an essential component of the global capital markets,
providing credit ratings, research, tools and analysis that
contribute to transparent and integrated financial markets. Moody’s
Corporation (NYSE: MCO) 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
corporation, which reported revenue of $3.3 billion in 2014,
employs approximately 10,200 people worldwide and maintains a
presence in 36 countries. Further information is available at
www.moodys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151215006889/en/
Michael AdlerSenior Vice PresidentCorporate
Communications212.553.4667michael.adler@moodys.comorSalli
SchwartzGlobal Head of Investor
Relations212.553.4862sallilyn.schwartz@moodys.com
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