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

Key Points

• S&P Global Inc. declared a quarterly dividend of $0.96 per share, with stockholders of record receiving it on December 10th, reflecting an annualized dividend yield of 0.7%.
• The company has a payout ratio of 20.3%, indicating that its dividend is well-covered by earnings, with analysts projecting earnings of $18.96 per share for the next year.
• A number of analysts have raised their target prices for S&P Global stock, with an average target now set at $614.38 and a prevailing "Buy" rating from the majority of analysts.

S&P Global Inc. (NYSE:SPGI - Get Free Report) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, November 25th will be given a dividend of 0.96 per share by the business services provider on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th.

S&P Global has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&P Global to earn $18.96 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 20.3%.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $0.59 during trading on Friday, hitting $507.21. 4,147,224 shares of the company were exchanged, compared to its average volume of 1,068,322. The company has a market cap of $154.85 billion, a PE ratio of 39.02, a P/E/G ratio of 2.72 and a beta of 1.20. The stock has a 50 day moving average of $542.96 and a 200 day moving average of $515.26. S&P Global has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts predict that S&P Global will post 17.11 EPS for the current year.

Hedge Funds Weigh In On S&P Global

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG grew its position in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC grew its position in S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares during the period. State of Wyoming grew its position in S&P Global by 94.8% in the 4th quarter. State of Wyoming now owns 261 shares of the business services provider's stock worth $130,000 after purchasing an additional 127 shares during the period. Finally, Woodline Partners LP bought a new stake in S&P Global in the 4th quarter worth approximately $9,500,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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.