S&P Global Inc. (NYSE:SPGI) Increases Dividend to $0.97 Per Share

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Wednesday, January 14th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.97 per share by the business services provider on Wednesday, March 11th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a 1.0% increase from S&P Global’s previous quarterly dividend of $0.96.

S&P Global has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 53 consecutive years. S&P Global has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect S&P Global to earn $18.96 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 20.3%.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $546.69 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market capitalization of $165.54 billion, a PE ratio of 39.77, a P/E/G ratio of 2.31 and a beta of 1.21. The business’s 50 day moving average price is $508.91 and its 200-day moving average price is $516.91.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $3.89 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities research analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the 2nd quarter worth about $26,000. MTM Investment Management LLC purchased a new stake in S&P Global during the second quarter worth about $27,000. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global during the third quarter worth about $29,000. Spurstone Advisory Services LLC purchased a new position in shares of S&P Global in the second quarter valued at approximately $34,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of S&P Global in the second quarter valued at approximately $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.