S&P Global Inc. (NYSE:SPGI) Announces Quarterly Dividend of $0.97

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share by the business services provider on Thursday, December 10th. This represents a $3.88 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 25th.

S&P Global has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 53 years. S&P Global has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $20.06 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 19.3%.

S&P Global Price Performance

NYSE SPGI opened at $392.55 on Wednesday. The company has a 50-day moving average price of $419.64 and a two-hundred day moving average price of $422.92. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. The stock has a market cap of $115.72 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global will post 17.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its holdings in S&P Global by 2.2% during the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after purchasing an additional 307,255 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of S&P Global during the 2nd quarter valued at $166,000. Rench Wealth Management Inc. raised its stake in shares of S&P Global by 5.7% in the 2nd quarter. Rench Wealth Management Inc. now owns 3,355 shares of the business services provider’s stock worth $1,366,000 after buying an additional 180 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of S&P Global by 76.5% in the second quarter. The Manufacturers Life Insurance Company now owns 690,931 shares of the business services provider’s stock valued at $281,388,000 after buying an additional 299,454 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in S&P Global by 9.6% during the second quarter. Sequoia Financial Advisors LLC now owns 8,864 shares of the business services provider’s stock valued at $3,610,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.