S&P Global Inc. (NYSE:SPGI – Get Free Report) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Wednesday, May 29th will be given a dividend of 0.91 per share by the business services provider on Wednesday, June 12th. This represents a $3.64 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Wednesday, May 29th.
S&P Global has raised its dividend payment by an average of 10.3% per year over the last three years and has raised its dividend every year for the last 52 years. S&P Global has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&P Global to earn $15.94 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 22.8%.
S&P Global Stock Performance
Shares of SPGI opened at $416.21 on Thursday. The company has a market cap of $130.23 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14. The business’s fifty day simple moving average is $423.26 and its two-hundred day simple moving average is $418.76. S&P Global has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SPGI. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Raymond James lifted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Oppenheimer upped their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $462.60.
View Our Latest Report on S&P Global
Insider Activity at S&P Global
In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.
About S&P Global
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.
Featured Articles
- Five stocks we like better than S&P Global
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Yum! Brands: Can Digital Strength Offset Same-Store Declines?
- How to Evaluate a Stock Before Buying
- Wall Street Believes in First Solar Stock’s Bull Cycle
- How to Read Stock Charts for Beginners
- AMD is Down 35%. Now is the Time to Buy the Dip
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.