S&P Global Inc. (NYSE:SPGI) Declares Quarterly Dividend of $0.91

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Tuesday, June 25th, RTT News reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.91 per share by the business services provider on Wednesday, September 11th. This represents a $3.64 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th.

S&P Global has increased its dividend 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 dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&P Global to earn $15.91 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 22.9%.

S&P Global Trading Down 0.1 %

Shares of NYSE SPGI opened at $448.32 on Thursday. S&P Global has a one year low of $340.49 and a one year high of $461.16. The firm has a market capitalization of $140.28 billion, a PE ratio of 50.26, a PEG ratio of 2.49 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $429.35 and a two-hundred day moving average price of $431.32.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, analysts predict that S&P Global will post 14.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $467.89.

About S&P Global

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.