S&P Global Inc. (SPGI) To Go Ex-Dividend on May 29th

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 0.87%. The ex-dividend date is Wednesday, May 29th.

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 dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect S&P Global to earn $15.94 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 22.8%.

S&P Global Stock Performance

Shares of SPGI opened at $416.21 on Thursday. The company has a market cap of $130.23 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14. The business’s fifty day simple moving average is $423.26 and its two-hundred day simple moving average is $418.76. S&P Global has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm 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%. Research analysts anticipate that S&P Global will post 14.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPGI. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Raymond James lifted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Oppenheimer upped their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $462.60.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was 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 owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.