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Moody’s Raises Dividend, Boosts Buyback
From the Wall Street Journal of Wed, 17 Dec 2014 07:29:00 EST

Moody’s Corp. said Wednesday that it has boosted its quarterly dividend by 21% and authorized a new $1 billion stock-buyback program, as the company continues to benefit from strong demand for its credit ratings and market analytics.

Moody’s has posted strong results in recent quarters, driven by gains in its debt-rating and analytics businesses, which help financial institutions manage their risk and sell additional research from its ratings analysts. Shares have climbed nearly 18% this year.

Moody’s said it will now pay out a dividend of 34 cents a share, up from 28 cents a share on March 10. The increase will cost the company an extra $13 million a quarter and brings its dividend yield to 1.5%.

The company plans to start on its new buyback program after finishing out its existing program, which had $1 billion in repurchase authority left as of Sept. 30.

Write to Chelsey Dulaney at

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