S&P Global Increases Dividend 6.4% to $0.90

Rhea-AI Summary

S&P Global (NYSE: SPGI) announced a 6.4% increase in its quarterly cash dividend, raising it from $0.85 to $0.90 per share. This increase reflects the company's commitment to returning value to shareholders and maintaining a strong dividend history, having paid dividends annually since 1937. The new dividend will be payable on March 10, 2023, to shareholders of record by February 24, 2023, resulting in an annualized dividend rate of $3.60 per share. S&P Global is recognized for its extensive contributions in credit ratings, analytics, and market intelligence.

AI-generated analysis. Not financial advice.

Positive

• Dividend increased by 6.4%, from $0.85 to $0.90 per share.
• Long-standing history of paying dividends since 1937.
• New annualized dividend rate of $3.60 per share.

Negative

• None.

News Market Reaction – SPGI

-0.36%

1 alert

-0.36% News Effect

On the day this news was published, SPGI declined 0.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) today approved a 6.4% increase in the regular quarterly cash dividend on the Company's common stock.

The Company has paid a dividend each year since 1937 and is one of fewer than 25 companies in the S&P 500^® that has increased its dividend annually for at least the last 50 years.

The quarterly dividend will increase from $0.85 to $0.90 per share. The dividend of $0.90 is payable on March 10, 2023, to shareholders of record on February 24, 2023. The new annualized dividend rate is $3.60 per share.

About S&P Global:
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.

Contacts:

Investor Relations:
Mark Grant
Senior Vice President, Investor Relations
Tel:  + 1 347 640 1521

Media:
Christopher Krantz
Tel:  +44 7976 632 638
christopher.krantz@spglobal.com

 

View original content:https://www.prnewswire.com/news-releases/sp-global-increases-dividend-6-4-to-0-90--301730452.html

SOURCE S&P Global

FAQ

What is the new dividend amount for S&P Global (SPGI)?

The new dividend amount for S&P Global is $0.90 per share.

When is the dividend payment date for SPGI?

The dividend payment date for SPGI is March 10, 2023.

What is the record date for S&P Global's dividend?

The record date for S&P Global's dividend is February 24, 2023.

How long has S&P Global (SPGI) been increasing its dividend?

S&P Global has been increasing its dividend annually for at least the last 50 years.

What is the annualized dividend rate for S&P Global (SPGI) after the increase?

The annualized dividend rate for S&P Global after the increase is $3.60 per share.