NEW YORK--(BUSINESS WIRE)-- On December 15, 2015, the Board of Directors of Moody’s Corporation (NYSE:MCO) declared a regular quarterly dividend of 37 cents per share of MCO Common Stock, a 9 percent increase from the prior quarterly dividend of 34 cents per share. The dividend will be payable on March 10, 2016 to stockholders of record at the close of business on February 19, 2016.

In addition, the Board authorized a new $1 billion share repurchase program. Moody's expects to commence repurchases under the new program following completion of the existing program, which had approximately $658 million of share repurchase authority remaining as of September 30, 2015.

The company plans to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions. As a result, the company's share repurchase activity may vary from quarter to quarter.

ABOUT MOODY’S CORPORATION

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $3.3 billion in 2014, employs approximately 10,200 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodys.com.

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Michael Adler
Senior Vice President
Corporate Communications
212.553.4667
michael.adler@moodys.com
or
Salli Schwartz
Global Head of Investor Relations
212.553.4862
sallilyn.schwartz@moodys.com

Source: Moody's Corporation