S&P Global Inc. (NYSE:SPGI) Declares Quarterly Dividend of $0.97

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Monday, June 22nd. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.97 per share by the business services provider on Thursday, September 10th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th.

S&P Global has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 53 years. S&P Global has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect S&P Global to earn $22.05 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 17.6%.

S&P Global Price Performance

NYSE SPGI opened at $407.33 on Tuesday. The firm’s fifty day simple moving average is $423.22 and its two-hundred day simple moving average is $455.43. The firm has a market capitalization of $120.57 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.75 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts forecast that S&P Global will post 19.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets raised their price target on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Wells Fargo & Company dropped their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Jefferies Financial Group upped their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Eighteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.