S&P Global Stock Price, News & Analysis

S&P Dow Jones Indices reported that U.S. common indicated dividend payments increased by $11.7 billion in Q4 2024, up from $9.5 billion in Q3 2024. Q4 dividend increases were $14.2 billion, while decreases were $2.5 billion. For the full year 2024, net dividend rate increased by $53.3 billion, compared to $36.5 billion in 2023.

The S&P 500 set a record for Q4 2024 dividend payments at $19.81 per share, up 6.0% from Q3 and 7.8% from Q4 2023. For 2024, the index paid $74.83 per share, a 6.4% increase from 2023. Dividend growth slowed in the second half of 2024, following major initiations by Brookings, Meta Platforms, Salesforce, and Alphabet in the first half.

Currently, 80.9% of S&P 500 companies pay dividends, with expectations of an 8% increase in dividend payments for 2025, compared to 6.4% in 2024.

S&P Global Market Intelligence has expanded its municipal securities coverage on the S&P Capital IQ Pro platform by adding 4.6 million securities, bringing the total coverage to nearly 6 million securities. The enhancement includes liquidity scores, end-of-day pricing, analytics, and enhanced terms and conditions data.

This expansion is part of the ongoing integration following S&P Global's merger with IHS Markit in 2022. The platform now provides access to reference and pricing data for over 26 million fixed income securities across various categories. Recent updates also include the launch of Document Intelligence with ChatIQ, a GenAI-powered assistant developed with Kensho, and expanded IQ Newsletters offering mid-day market summaries for US, European, and Asian markets.

Comstock Holding Companies (Nasdaq: CHCI) has announced a significant lease agreement with CARFAX at Reston Station development. CARFAX will occupy approximately 87,000 square feet across 3 floors at 1906 Reston Metro Plaza, with the move expected to complete by the end of 2025.

Reston Station, one of the largest mixed-use developments in the mid-Atlantic region, spans 90 acres around the Wiehle-Reston East Station on Metro's Silver Line. The development currently hosts over 2,000 residents and serves as headquarters for major companies including Google, ICF International, and Spotify. The development is set to expand with over 500 new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.

S&P Global (NYSE: SPGI) has acquired ProntoNLP, a Generative AI tooling provider specializing in unstructured and structured data analysis. Founded in 2021, ProntoNLP's technology combines natural language processing with large language models for financial data analysis, offering customizable solutions for event detection and sentiment scoring.

The acquisition, completed on December 31, 2024, will integrate ProntoNLP into the S&P Global Market Intelligence division, with plans to implement its intellectual property across enterprise-wide applications. The company aims to enhance its AI-driven solutions for improved context understanding, predictions, and customer decision-making capabilities. Financial terms were not disclosed.

S&P Dow Jones Indices (SPGI) has announced updated market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 2, 2025. The new thresholds are: $20.5 billion or more for S&P 500 (up from $18.0 billion), $7.4 billion to $20.5 billion for S&P MidCap 400 (previously $6.7-18.0 billion), and $1.1 billion to $7.4 billion for S&P SmallCap 600 (previously $1.0-6.7 billion).

These ranges target specific percentiles of the S&P Total Market Index: 85th for S&P 500, 85th-93rd for MidCap 400, and 93rd-99th for SmallCap 600. Companies must also maintain a float-adjusted market cap of at least 50% of their respective index's minimum threshold. These criteria apply to new additions only, not existing members.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index recorded a 3.6% annual gain in October 2024, showing a deceleration from the previous month's 3.9%. The 10-City and 20-City Composites posted annual increases of 4.8% and 4.2% respectively, both down from the previous month.

New York led with the highest annual gain of 7.3%, followed by Chicago (6.2%) and Las Vegas (5.9%). The National Index reached its 17th consecutive all-time high, though month-over-month data showed a -0.2% drop before seasonal adjustments. After seasonal adjustment, the National Index posted a 0.3% monthly increase.

Only two markets – Tampa and Cleveland – showed declines during the past month, while markets in Florida and Arizona, though rising, failed to keep pace with inflation.

Grid Dynamics Holdings (NASDAQ: GDYN) is set to join the S&P SmallCap 600 index, replacing Revelyst (NYSE: GEAR) effective prior to market opening on January 2, 2025. The change comes as Strategic Value Partners is acquiring Revelyst, with the deal expected to close soon pending final conditions. Grid Dynamics will be classified under the Information Technology sector in the index, while Revelyst, currently listed under Consumer Discretionary, will be removed.

International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 index effective prior to trading on Monday, December 30, 2024. The change comes as Searchlight Capital Partners and British Columbia Investment Management (BCI) are finalizing their acquisition of Consolidated Communications. The transition will see International Seaways joining the index under the Energy sector, while Consolidated Communications will be removed from the Communication Services sector.

NiSource (NYSE: NI) has been included in the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. The company, which serves approximately 3.3 million natural gas and 500,000 electric customers across six states, scored above the industry mean in all ESG categories.

NiSource particularly excelled in areas including waste and water management, climate strategy, business ethics, and occupational health and safety. The DJSI, launched in 1999, measures company performance using environmental, social, and governance criteria, comparing peer companies on ESG risks, opportunities, and impacts.

The recognition reflects NiSource's commitment to environmental stewardship and its mission to deliver safe, reliable energy while driving value for customers and supporting economic development in served communities.