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 annualized dividend and a yield of 0.74%. This is a positive change 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. 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 traded down $0.21 during trading hours on Tuesday, hitting $520.54. The company’s stock had a trading volume of 1,010,260 shares, compared to its average volume of 1,280,307. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $161.52 billion, a price-to-earnings ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s fifty day moving average price is $505.39 and its 200 day moving average price is $503.69. S&P Global has a 52 week low of $407.69 and a 52 week high of $533.29.

Analyst Ratings Changes

Several research analysts recently commented on the stock. 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 note on Friday, October 25th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on shares of 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. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target 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.