S&P Global Inc. Announces Quarterly Dividend of $0.41 (SPGI)
S&P Global Inc. (NYSE:SPGI) announced a quarterly dividend on Thursday, November 2nd, Zacks reports. Shareholders of record on Tuesday, November 28th will be given a dividend of 0.41 per share by the business services provider on Tuesday, December 12th. This represents a $1.64 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Monday, November 27th.
S&P Global has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect S&P Global to earn $7.20 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 22.8%.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.19. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share.
In related news, SVP Nancy Luquette sold 860 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective on the stock in a report on Monday, August 14th. Cantor Fitzgerald restated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a report on Thursday, October 26th. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Wells Fargo & Company upped their price objective on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, UBS AG upped their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $164.75.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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