S&P Global Inc. (NYSE:SPGI) Plans $0.91 Quarterly Dividend

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, September 24th,Zacks Dividends reports. Stockholders of record on Tuesday, November 26th will be given a dividend of 0.91 per share by the business services provider on Wednesday, December 11th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th.

S&P Global has increased its dividend payment by an average of 10.3% annually over the last three years and has increased its dividend annually for the last 52 consecutive years. S&P Global has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect S&P Global to earn $16.50 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 22.1%.

S&P Global Stock Performance

Shares of SPGI opened at $514.46 on Monday. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29. The company’s fifty day moving average is $509.35 and its 200-day moving average is $482.51. The firm has a market cap of $159.64 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.21 earnings per share. Equities analysts expect that S&P Global will post 15.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPGI. 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 report on Friday, October 25th. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Wells Fargo & Company increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.