S&P Global Inc. (SPGI) to Issue Quarterly Dividend of $0.97 on March 11th

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Wednesday, January 14th. Shareholders 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) dividend on an annualized basis 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 payment 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 $545.42 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $510.02 and a 200-day moving average price of $517.10. The company has a market cap of $165.15 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21. S&P Global has a 12 month low of $427.14 and a 12 month high of $579.05.

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

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Evercore ISI upped their price objective on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $615.64.

S&P Global Company Profile

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.