S&P Global Inc. (NYSE:SPGI) to Issue Dividend Increase – $0.96 Per Share

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Tuesday, January 28th, RTT News reports. Shareholders of record on Wednesday, February 26th will be given a dividend of 0.96 per share by the business services provider on Wednesday, March 12th. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91.

S&P Global has raised its dividend by an average of 5.7% per year over the last three years and has increased its dividend every year for the last 53 years. S&P Global has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE SPGI opened at $533.05 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global has a 12-month low of $407.69 and a 12-month high of $545.39. The company has a market capitalization of $164.07 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm’s 50 day moving average is $510.08 and its 200-day moving average is $509.45.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the company earned $3.13 earnings per share. Equities research analysts anticipate that S&P Global will post 17.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on SPGI. Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $590.23.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.