IHS Markit Ltd. (INFO) to Distribute Quarterly Dividend of $0.20 on November 12th

IHS Markit Ltd. (NYSE:INFO) announced a quarterly dividend on Tuesday, October 12th, RTT News reports. Shareholders of record on Friday, October 29th will be paid a dividend of 0.20 per share by the business services provider on Friday, November 12th. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%.

INFO stock opened at $119.31 on Thursday. The firm has a 50 day moving average of $119.90 and a 200-day moving average of $112.17. IHS Markit has a 12-month low of $78.64 and a 12-month high of $125.23. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 76.48 and a beta of 0.98.

IHS Markit (NYSE:INFO) last posted its quarterly earnings results on Monday, September 27th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02. IHS Markit had a net margin of 13.89% and a return on equity of 11.69%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts forecast that IHS Markit will post 2.68 earnings per share for the current fiscal year.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $118.51, for a total value of $1,659,140.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Several research firms have commented on INFO. Deutsche Bank Aktiengesellschaft lifted their target price on shares of IHS Markit from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, October 1st. BMO Capital Markets lifted their target price on shares of IHS Markit from $110.00 to $121.00 and gave the stock a “market perform” rating in a research note on Thursday, June 24th. Morgan Stanley lowered their target price on shares of IHS Markit from $141.00 to $137.00 and set an “overweight” rating for the company in a research note on Wednesday, September 29th. Finally, Truist Securities boosted their price objective on shares of IHS Markit from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, June 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

About IHS Markit

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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Dividend History for IHS Markit (NYSE:INFO)

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