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

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91.

S&P Global has increased its dividend payment by an average of 5.7% per year over the last three years and has raised its dividend every year for the last 20 years. S&P Global has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect S&P Global to earn $16.68 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 21.8%.

S&P Global Stock Performance

Shares of SPGI stock opened at $520.54 on Wednesday. The stock has a fifty day moving average price of $505.75 and a 200 day moving average price of $503.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $161.52 billion, a PE ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets lifted their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

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.