S&P Global Inc. - SPGI STOCK NEWS

S&P Global (NYSE: SPGI) will release its second quarter 2021 financial results on July 29, 2021, at 7:15 a.m. EDT, with a conference call at 8:30 a.m. EDT. Douglas L. Peterson, CEO, and Ewout Steenbergen, CFO, will present the results and discuss future outlooks. The webcast will be accessible live and archived through the Investor Relations website. Telephone access will also be provided. This is an important event for investors, as it will include forward-looking information essential for assessing S&P Global's financial performance.

S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for April 2021, revealing a significant year-over-year increase in U.S. home prices.

The U.S. National Home Price NSA Index rose by 14.6%, while the 10-City Composite increased by 14.4% and the 20-City Composite by 14.9%. Notable cities include Phoenix with a 22.3% increase, followed closely by San Diego and Seattle. All 20 tracked cities experienced price gains, indicating widespread strength in the housing market.

S&P Global Platts has launched six new daily price assessments for recycled plastics in the US, Europe, and Southeast Asia. These assessments cover R-HDPE, R-PP, and R-LDPE, introducing crucial insights into the evolving recycled plastics market. Ben Brooks, Head of Plastics Recycling Price Reporting, emphasized the importance of transparency in these nascent markets, particularly as demand for quality recycled materials rises. The new data aims to support stakeholders amid increasing legislative focus on recycled content in consumer goods.

S&P Global (NYSE: SPGI) has appointed Dr. Gregory Washington to its Board of Directors, effective June 22, 2021. Dr. Washington, the first African American president of George Mason University, brings extensive leadership experience from academia and various organizations. His background includes serving as Dean at the University of California, Irvine, and research partnerships with NSF, NASA, and the U.S. Army Research Office. He will contribute to the Compensation and Leadership Development Committee and the Nominating and Governance Committee, enhancing the company's mission in data and analytics.

The Board of Directors of S&P Global (NYSE: SPGI) has declared a quarterly cash dividend of $0.77, payable on September 10, 2021, to shareholders on record as of August 26, 2021. This results in an annualized dividend rate of $3.08 per share. S&P Global has a long-standing history of paying dividends, having done so since 1937 and increasing its dividend annually for at least 48 years, placing it among the few companies in the S&P 500 to achieve this milestone.

S&P Global Platts has launched the first daily carbon-neutral LNG price assessment, tracking carbon credits used to offset emissions for LNG cargoes on major trade routes. This new assessment aims to enhance transparency in the LNG sector amid increasing demands for reduced greenhouse gas emissions. The CNL assessment focuses on well-to-tank emissions and includes carbon offset costs. As LNG consumption rises globally, this initiative supports sustainable practices in the industry, catering to consumers prioritizing environmental impact when making purchasing decisions.

On June 15, 2021, S&P Dow Jones Indices and Experian reported a decline in consumer credit defaults through May 2021. The composite default rate dropped to 0.44%, down six basis points from April. The bank card default rate decreased significantly by 22 basis points to 3.01%, while auto loan defaults fell to 0.34%, and first mortgage defaults to 0.33%. Major metropolitan areas also showed decreases, with New York experiencing the largest drop at 37 basis points to 0.46%.

The S&P Dow Jones Indices reported preliminary Q1 2021 S&P 500 stock buybacks totaling $178.1 billion, a significant 36.5% increase from Q4 2020 and 100.9% above Q2 2020's recent low. However, this figure is down 10.4% year-over-year from Q1 2020's $198.7 billion. For the 12-month period ending March 2021, buybacks were $499.1 billion, 30.8% lower than the previous year. Companies are expected to enhance buybacks in 2021, particularly with big banks returning to the market.