FactSet Research Systems Inc. Plans Quarterly Dividend of $1.10 (NYSE:FDS)

FactSet Research Systems Inc. (NYSE:FDS) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Friday, November 28th will be given a dividend of 1.10 per share by the business services provider on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 28th.

FactSet Research Systems has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 27 consecutive years. FactSet Research Systems has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FactSet Research Systems to earn $18.68 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 23.6%.

FactSet Research Systems Stock Performance

NYSE:FDS traded up $1.00 during trading hours on Wednesday, reaching $279.73. 16,703 shares of the stock were exchanged, compared to its average volume of 476,775. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. FactSet Research Systems has a 52 week low of $250.50 and a 52 week high of $496.90. The firm has a 50 day simple moving average of $280.49 and a 200-day simple moving average of $368.81. The stock has a market capitalization of $10.47 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.73 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Wednesday, September 17th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period last year, the company posted $3.74 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.