S&P Global Inc. (SPGI) to Issue Quarterly Dividend of $0.91 on December 11th

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, September 24th,Zacks Dividends reports. Stockholders of record on Tuesday, November 26th will be paid a dividend of 0.91 per share by the business services provider on Wednesday, December 11th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th.

S&P Global has raised its dividend payment by an average of 10.3% annually over the last three years and has increased its dividend annually for the last 52 consecutive years. S&P Global has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $16.50 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 22.1%.

S&P Global Price Performance

Shares of SPGI opened at $514.46 on Friday. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $159.64 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The business has a 50-day moving average of $509.35 and a 200-day moving average of $482.13.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that S&P Global will post 15.24 earnings per share for the current year.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Company Profile

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.