S&P Global Inc. Declares Quarterly Dividend of $0.97 (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Monday, June 22nd. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.97 per share by the business services provider on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th.

S&P Global has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 53 years. S&P Global has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $22.05 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 17.6%.

S&P Global Stock Performance

Shares of SPGI stock opened at $407.33 on Tuesday. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock’s 50-day moving average is $423.22 and its two-hundred day moving average is $455.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $120.57 billion, a P/E ratio of 25.78, a PEG ratio of 1.75 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts predict that S&P Global will post 19.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 5,974 shares of company stock valued at $2,576,775 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPGI. Vanguard Group Inc. grew its position in shares of S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. State Street Corp boosted its stake in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares during the period. TCI Fund Management Ltd. boosted its stake in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the period. Morgan Stanley boosted its stake in S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Wellington Management Group LLP grew its holdings in S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after buying an additional 274,285 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.