S&P Global Inc. (NYSE:SPGI) to Issue Quarterly Dividend of $0.96

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Wednesday, February 26th will be paid 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 dividend yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91.

S&P Global has increased its dividend by an average of 5.7% per year over the last three years and has raised its dividend annually for the last 20 consecutive years. S&P Global has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.6 %

Shares of SPGI opened at $517.31 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $160.52 billion, a P/E ratio of 45.66, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The stock’s fifty day simple moving average is $505.75 and its 200 day simple moving average is $503.99. S&P Global has a twelve month low of $407.69 and a twelve month high of $533.29.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently 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.