Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
Trucost, a part of S&P Global, has launched its new EU Taxonomy Revenue Share dataset, designed to assess the percentage of company revenues tied to sustainable activities per EU guidelines. Covering over 15,000 companies that represent 99% of global market capitalization, it helps financial institutions comply with upcoming EU disclosure requirements. The dataset goes back to 2005, enabling evaluations of business activity eligibility over time and can be used to assess investment portfolios. This initiative aligns with the EU's Sustainable Finance Action Plan.
S&P Global (NYSE: SPGI) has received two significant honors from Working Mother for its exceptional parental benefits. The company made the list of the 100 Best Companies recognized for offering paid parental leave and promoting family-friendly policies, as well as being named among the Best Companies for Dads. Notably, S&P Global provides a minimum of 20 weeks of global parental leave, significantly above the average of 11 weeks among the top companies. Recent expansions include a new 6-week paid care leave policy to support employees during COVID-19.
S&P Dow Jones Indices reported a decline of $2.3 billion in indicated dividends for U.S. domestic common stocks in Q3 2020, compared to a more substantial decline of $42.5 billion in Q2 2020. Aggregate dividend increases rose by 26.0% to $8.4 billion, while cuts decreased significantly by 78.1% to $10.8 billion. Over the past 12 months, net dividends fell by $39.7 billion, contrasting with a gain of $42.2 billion the previous year. The average dividend payment for S&P 500 fell to $13.97, indicating challenges in maintaining shareholder value.
S&P Global Ratings has achieved first place in three categories at the GlobalCapital Bond Awards 2020: Corporate Bonds, Financial Institutions, and Emerging Markets. The recognition highlights the company's innovative analysis and commitment to transparency in an extraordinary year marked by global challenges. According to S&P's leadership, the success is attributed to the team's collaboration and responsiveness to market demands. These awards reinforce S&P's position as a trusted provider of credit risk analysis and signify strong client engagement throughout the year.
The Port of Rotterdam successfully piloted Distro, a high-frequency decentralized energy trading platform co-developed by S&P Global Platts and BlockLab. The trial, which began in August 2020, demonstrated significant benefits, including an 11% reduction in energy costs for consumers and a 14% revenue boost for local renewable energy producers. Key outcomes included a 92% utilization rate of on-site solar energy and a 20% increase in battery storage ROI. Distro's transparent market design has the potential to save up to 30 million tonnes of carbon once fully deployed across the port.
S&P Global (NYSE: SPGI) will release its third quarter 2020 financial results on October 27, 2020, at 7:15 a.m. EDT. A conference call with executives, including CEO Douglas L. Peterson and CFO Ewout Steenbergen, will follow at 8:30 a.m. EDT. Stakeholders can access the call via phone or webcast, with replay options available. The press release and additional documents will be accessible on the company's investor relations website. S&P Global, a leading provider of credit ratings and market analytics, has been delivering critical insights for over 160 years.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a quarterly cash dividend of $0.67 per share, payable on December 10, 2020, to shareholders on record as of November 25, 2020. This brings the annualized dividend rate to $2.68 per share. S&P Global, which has consistently paid dividends since 1937, is among the few companies in the S&P 500 that have increased dividends annually for over 47 years.
On September 30, 2020, S&P Global (NYSE: SPGI) announced the appointment of Richard E. Thornburgh as the new Non-Executive Chairman, succeeding Charles E. Haldeman, Jr. effective October 1, 2020. Haldeman, who joined the Board in 2012, will retire at the end of his term in 2021. Thornburgh, an independent Director since 2011 with notable experience in finance, aims to continue advancing S&P Global's strategic goals. Additionally, Marco Alverà was appointed Chair of the Finance Committee, and Lord Ian P. Livingston joined the Board, bringing extensive leadership experience.
Summary not available.
S&P Global Platts announced that Petronet LNG Limited will use the Platts West India Marker (WIM) to price a tender for an LNG spot cargo to be delivered in November. This marks the first instance of an Indian LNG company utilizing the Platts WIM for pricing. Petronet, a key player in India's energy sector, operates terminals in Dahej and Kochi, reflecting India's increasing shift towards market-based LNG pricing. The WIM is gaining traction, with its use in domestic gas supply deals by companies like ONGC, signaling a significant development in the LNG market.