S&P Global Inc. to Issue Quarterly Dividend of $0.91 (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGIGet Free Report) declared a quarterly dividend on Tuesday, June 25th, RTT News reports. Stockholders of record on Tuesday, August 27th will be paid a dividend of 0.91 per share by the business services provider on Wednesday, September 11th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%.

S&P Global has increased its dividend payment by an average of 10.3% per year over the last three years and has raised its dividend annually for the last 52 consecutive years. S&P Global has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $15.91 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 22.9%.

S&P Global Price Performance

Shares of SPGI traded up $0.89 during mid-day trading on Tuesday, reaching $445.86. 309,945 shares of the company’s stock were exchanged, compared to its average volume of 1,273,661. The company has a market cap of $139.51 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 2.44 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a 50-day simple moving average of $428.55 and a two-hundred day simple moving average of $431.09.

S&P Global (NYSE:SPGIGet Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, sell-side analysts predict that S&P Global will post 14.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer boosted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $467.89.

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S&P Global Company Profile

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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Dividend History for S&P Global (NYSE:SPGI)

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