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

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Wednesday, May 29th will be paid 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 dividend yield of 0.88%.

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 payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.1 %

Shares of NYSE:SPGI traded up $0.52 during midday trading on Tuesday, reaching $415.83. The company had a trading volume of 1,954,106 shares, compared to its average volume of 1,372,737. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day moving average price is $423.63 and its 200-day moving average price is $418.41. The stock has a market capitalization of $130.11 billion, a P/E ratio of 46.55, a PEG ratio of 2.35 and a beta of 1.15. S&P Global has a one year low of $340.49 and a one year high of $461.16.

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

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Raymond James boosted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets upped their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Oppenheimer raised their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

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.