Fact Set Dividend Increase: Not Gigantic, But Still Encouraging

I have to add one quick post on the news that FactSet Research Systems (FDS) raised its dividend from 18 cents to 20 cents a share. It’s not a gigantic increase—last year FDS raised the dividend by 50% and the year before, the company doubled it—but it’s very nice to see.

The dividend increase is 11% and FactSet is probably on its way toward growing its earnings by 15% this year. That’s very good considering the rotten environment. You really don’t buy FactSet for the dividend yield (currently 1.5%), but it’s a nice reminder from the company that they’re continuing to prosper.

Disclosure: Author holds a position in FDS.

Comments

[granger:]

I love this company.

May 14 09:18 AM

[T-Rex:]

This stock looks pricey.

20x earnings and a small dividend. Analysts have a target price on this one about $10 lower than where it it trading...this looks very top heavy.

I'm a seller at $55 and a buyer at $40 on this one.

May 14 07:34 PM