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

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders 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 increased its dividend every year for the last 20 years. S&P Global has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 0.0 %

Shares of NYSE:SPGI opened at $520.54 on Wednesday. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a 50-day simple moving average of $505.75 and a 200-day simple moving average 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 capitalization of $161.52 billion, a P/E ratio of 45.94, a PEG ratio of 2.36 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPGI shares. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company lowered their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Company Profile

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.