McGraw Hill Financial Inc. Announces Quarterly Dividend of $0.28 (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) declared a quarterly dividend on Thursday, October 24th, AnalystRatingsNetwork reports. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.28 per share on Wednesday, December 11th. This represents a $1.12 dividend on an annualized basis and a yield of 1.57%.
Several analysts have recently commented on the stock. Analysts at UBS AG reiterated a “buy” rating on shares of McGraw Hill Financial in a research note to investors on Wednesday. They now have a $80.00 price target on the stock, up previously from $75.00. On the ratings front, analysts at Benchmark Co. raised their price target on shares of McGraw Hill Financial from $59.00 to $78.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of McGraw Hill Financial in a research note to investors on Tuesday, October 15th. They now have a $76.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.71.
Shares of McGraw Hill Financial (NASDAQ:MHFI) traded up 0.92% during mid-day trading on Thursday, hitting $71.42. The stock had a trading volume of 2,410,240 shares. McGraw Hill Financial has a 52-week low of $42.07 and a 52-week high of $64.22. The stock’s 50-day moving average is $60.96 and its 200-day moving average is $55.05. The company has a market cap of $19.655 billion and a price-to-earnings ratio of 18.47.
McGraw Hill Financial (NASDAQ:MHFI) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. McGraw Hill Financial’s revenue was up 7.0% compared to the same quarter last year.
McGraw Hill Financial, Inc, formerly The McGraw-Hill Companies, Inc, is a financial intelligence company.
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