Moody's Lifts Dividend; To Repurchase $1 Bln Stock - Quick Facts

(RTTNews) - Moody's Corp. (MCO) has declared a regular quarterly dividend of 34 cents per share of MCO Common Stock, a 21 percent increase from the prior quarterly dividend of 28 cents per share, which is payable on March 10, 2015 to stockholders of record at the close of business on February 20, 2015.

Furthermore, the board authorized a new $1 billion buyback program. Moody's expects to begin 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 firm intends to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions. Therefore, the company's share repurchase activity may vary from quarter to quarter.