S&P Global Inc. (NYSE:SPGI) Shareholders Set to Receive $0.97 Quarterly Dividend

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share by the business services provider on Thursday, December 10th. This represents a $3.88 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, November 25th.

S&P Global has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 53 consecutive years. S&P Global has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect S&P Global to earn $20.06 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 19.3%.

S&P Global Stock Down 0.9%

Shares of NYSE SPGI opened at $392.55 on Wednesday. The firm has a market cap of $115.72 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The company’s 50-day simple moving average is $419.64 and its 200-day simple moving average is $422.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the business earned $4.43 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts predict that S&P Global will post 17.75 EPS for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Several hedge funds and other institutional investors have recently bought and sold shares of SPGI. State Street Corp raised its stake in S&P Global by 2.2% during the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after purchasing an additional 307,255 shares during the period. ABS Direct Equity Fund LLC purchased a new stake in shares of S&P Global in the 2nd quarter valued at approximately $166,000. Rench Wealth Management Inc. increased its holdings in shares of S&P Global by 5.7% during the 2nd quarter. Rench Wealth Management Inc. now owns 3,355 shares of the business services provider’s stock worth $1,366,000 after buying an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of S&P Global by 76.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 690,931 shares of the business services provider’s stock worth $281,388,000 after buying an additional 299,454 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of S&P Global by 9.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,864 shares of the business services provider’s stock valued at $3,610,000 after buying an additional 778 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.