S&P Global Inc. (NYSE:SPGI) Raises Dividend to $0.96 Per Share

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders 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 yield of 0.74%. This is a boost 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 annually for the last 20 consecutive years. S&P Global has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of S&P Global stock traded down $0.21 on Tuesday, reaching $520.54. The stock had a trading volume of 1,010,260 shares, compared to its average volume of 1,280,307. The business’s 50 day moving average is $505.39 and its two-hundred day moving average is $503.69. The company has a market cap of $161.52 billion, a P/E ratio of 45.94, a price-to-earnings-growth 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. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered 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 report on Friday, January 3rd. Morgan Stanley increased their target price 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. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price 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.