S&P Global Increases Dividend 15.0% to $0.77
The Board of Directors of S&P Global (NYSE: SPGI) has approved a 15.0% increase in its quarterly cash dividend, raising it from $0.67 to $0.77 per share.
Sentiment and the balance of points
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Rhea-AI Summary
The Board of Directors of S&P Global (NYSE: SPGI) has approved a 15.0% increase in its quarterly cash dividend, raising it from $0.67 to $0.77 per share. This dividend, reflecting the company's strong cash flow and financial position, will be payable on March 10, 2021, to shareholders of record by February 24, 2021. S&P Global has a notable history of returning cash to shareholders, amounting to $1.8 billion in 2020 alone, and has increased its dividend annually for over 48 years.
Positive
- 15.0% increase in quarterly dividend to $0.77 per share.
- $1.8 billion returned to shareholders in 2020.
- Consistent annual dividend increases for over 48 years.
Negative
- None.
Details
News Market Reaction – SPGI
The recorded move for SPGI in the trading session of this news was -3.98%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Jan. 27, 2021 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) today approved a
"Increasing the dividend demonstrates our confidence and optimism in the continued strength of our cash flow generation and financial position," said Douglas L. Peterson, President and CEO of S&P Global. "Returning cash to shareholders remains a cornerstone of our shareholder value proposition. In 2020, we returned
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 48 years.
The quarterly dividend will increase from
About S&P Global:
S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. For more information, visit www.spglobal.com.
Contacts:
News Media:
Christopher Krantz
Lead, Executive Communications
+44 (0) 20 7176 0060 (office)
christopher.krantz@spglobal.com
Investor Relations:
Chip Merritt
Senior Vice President, Investor Relations
(212) 438-4321
chip.merritt@spglobal.com
View original content:http://www.prnewswire.com/news-releases/sp-global-increases-dividend-15-0-to-0-77--301216310.html
SOURCE S&P Global
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