S&P Global Inc. to Issue Quarterly Dividend of $0.91 (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) 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 0.88%.

S&P Global has raised its dividend by an average of 10.3% per year over the last three years and has raised its dividend annually for the last 52 consecutive years. S&P Global has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect S&P Global to earn $16.06 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 22.7%.

S&P Global Price Performance

SPGI traded up $0.52 during trading on Tuesday, reaching $415.83. The stock had a trading volume of 1,954,106 shares, compared to its average volume of 1,372,737. The business has a 50-day moving average of $423.63 and a 200-day moving average of $418.41. S&P Global has a one year low of $340.49 and a one year high of $461.16. The stock has a market cap of $130.11 billion, a PE ratio of 46.55, a PEG ratio of 2.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. As a group, equities research analysts anticipate that S&P Global will post 14.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on SPGI shares. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets lifted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Oppenheimer upped their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $462.60.

Insider Buying and Selling at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.