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CAPITAL STOCK

12 Months Ended

Dec. 31, 2013

	Dividends Per Share
	Year ended December 31,
	2013				2012				2011
	Declared		Paid		Declared		Paid		Declared		Paid
First quarter	$	-	$	0.20	$	-	$	0.16	$	-	$	0.115
Second quarter		0.20		0.20		0.16		0.16		0.14		0.14
Third quarter		0.25		0.25		0.16		0.16		0.14		0.14
Fourth quarter		0.53		0.25		0.36		0.16		0.30		0.14
Total	$	0.98	$	0.90	$	0.68	$	0.64	$	0.58	$	0.535

On December 17, 2013, the Board of the Company approved the declaration of a quarterly dividend of $ 0.28 per share of Moody's common stock, payable on March 10, 2014 to shareholders of record at the close of business on February 20, 2014. The continued payment of dividends at the rate noted above, or at all, is subject to the discretion of the Board..