S&P Global Inc. (NYSE:SPGI – Get Free Report) 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.
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.
View Our Latest Report on S&P Global
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.
Featured Stories
- Five stocks we like better than S&P Global
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Why Paychex Stock’s Dip is the Best Opportunity in Today’s Cycle
- With Risk Tolerance, One Size Does Not Fit All
- Any Pullback in Tech May Signal a Rotation into These 3 Sectors
- 3 Small Caps With Big Return Potential
- 3 Stocks to Watch: Oracle, Casey’s, FedEx Signal Big Gains
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.