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CAPITAL STOCK | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
CAPITAL STOCK | CAPITAL STOCK Authorized Capital Stock The total number of shares of all classes of stock that the Company has authority to issue under its Restated Certificate of Incorporation is 1.02 billion shares with a par value of $0.01, of which 1.0 billion are shares of common stock, 10.0 million are shares of preferred stock and 10.0 million are shares of series common stock. The preferred stock and series common stock can be issued with varying terms, as determined by the Board. Share Repurchase Program The Company first implemented a systematic share repurchase program in the third quarter of 2005 through an SEC Rule 10b5-1 program and has maintained its program since. Moody’s may also purchase opportunistically when conditions warrant. As a result, Moody’s share repurchase activity will continue to vary from quarter to quarter. The table below summarizes the Company’s remaining authority under its share repurchase program as of December 31, 2024:
Date Authorized |  | Amount Authorized |  | Remaining Authority
October 15, 2024 |  | $ | 1,500 |  |  | $ | 1,500 |
February 5, 2024 |  | 1,000 |  |  | 67 |
Total Remaining Authority at December 31, 2024 |  |  |  | $ | 1,567 |
During 2024, Moody’s repurchased 2.9 million shares of its common stock under its share repurchase program and issued a net 0.7 million shares under employee stock-based compensation plans. The net amount includes shares withheld for employee payroll taxes. Dividends The Company’s cash dividends were:
| Dividends Per Share
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
| Declared |  | Paid |  | Declared |  | Paid |  | Declared |  | Paid
First quarter | $ | 0.85 |  |  | $ | 0.85 |  |  | $ | 0.77 |  |  | $ | 0.77 |  |  | $ | 0.70 |  |  | $ | 0.70 |
Second quarter | 0.85 |  |  | 0.85 |  |  | 0.77 |  |  | 0.77 |  |  | 0.70 |  |  | 0.70 |
Third quarter | 0.85 |  |  | 0.85 |  |  | 0.77 |  |  | 0.77 |  |  | 0.70 |  |  | 0.70 |
Fourth quarter | 0.85 |  |  | 0.85 |  |  | 0.77 |  |  | 0.77 |  |  | 0.70 |  |  | 0.70 |
Total | $ | 3.40 |  |  | $ | 3.40 |  |  | $ | 3.08 |  |  | $ | 3.08 |  |  | $ | 2.80 |  |  | $ | 2.80 |
On February 12, 2025, the Board approved the declaration of a quarterly dividend of $0.94 per share of Moody’s common stock, payable on March 14, 2025 to shareholders of record at the close of business on February 25, 2025. The continued payment of dividends at the rate noted above, or at all, is subject to the discretion of the Board.

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