S&P Global Inc. - SPGI STOCK NEWS

S&P Dow Jones Indices reported that indicated dividend net changes for U.S. domestic common stocks increased by $9.5 billion in Q4 2020, contrasting with a decline of $2.3 billion in Q3 2020. Total dividend increases reached $13.9 billion, up 64.2% from Q3 2020. However, the net dividend rate fell by $40.5 billion year-over-year. For 2020, dividends per share for the S&P 500 were $58.28, setting a record. Analysts expect a strong 2021 for dividends, contingent on COVID treatment outcomes.

The S&P CoreLogic Case-Shiller Indices report for October 2020 indicates a significant increase in U.S. home prices, with the National Index rising by 8.4% year-over-year, up from 7.0% in September. Among the 19 cities measured, Phoenix leads with a 12.7% year-over-year increase, followed by Seattle at 11.7% and San Diego at 11.6%. Monthly increases show a 1.4% rise for both the National Index and 10-City Composite. These trends reflect a robust housing market, as demand shifts from urban to suburban properties amid COVID-19.

S&P Global (NYSE: SPGI) and AARP released research revealing that nearly two-thirds of American corporations enhanced their family-friendly policies during the COVID-19 pandemic. Significant findings include 56% of companies providing flexible work hours and 48% offering mental health resources. However, support for family caregivers lags, with only 32% of companies being very supportive. The study highlights a need for better awareness and policies regarding employees caring for aging loved ones. This research aims to inform corporate practices and improve workforce stability, particularly for women.

S&P Global and IHS Markit announced their divisional structure following the pending merger, set to close in the second half of 2021. Key leadership includes Martina Cheung heading S&P Global Ratings, and Adam Kansler leading the combined Market Intelligence sector. The integration aims to enhance growth and operational synergies across divisions. The merger requires shareholder and regulatory approvals before completion. Both companies are currently in a quiet period, refraining from investor questions related to this announcement.

S&P Global Platts announced the launch of the world's first daily CORSIA-eligible carbon credit price assessments, commencing January 4, 2021. This initiative provides much-needed transparency in voluntary carbon markets, crucial for reducing Greenhouse Gas (GHG) emissions. The assessments will include projects certified by various standards, reflecting market activities in US dollars per metric ton CO2-equivalent. As the demand for carbon credits rises amid commitments to net zero emissions, this new benchmark aims to support market participants in strategic planning for carbon neutrality.

S&P Dow Jones Indices and Experian reported a decrease in consumer credit defaults for November 2020. The composite default rate fell by 7 basis points to 0.46%. The bank card default rate decreased by 24 basis points to 2.56%, while the auto loan rate rose by 5 basis points to 0.64%. First mortgage defaults dropped 7 basis points to 0.28%. Additionally, all five major metropolitan areas showed lower default rates, with Miami experiencing the most significant decline, down 27 basis points to 0.86%.

On December 14, 2020, S&P Global Platts released its 2021 energy outlook, projecting a recovery in global GDP and oil demand. Despite optimism from vaccine developments, short-term challenges persist due to renewed lockdowns in the US and Europe, which will suppress gasoline demand. Oil demand is expected to rebound by over 6 million barrels per day, yet remain below 2019 levels. Key highlights include OPEC+'s influence on oil supply, refining challenges, and the potential for volatility in petrochemicals and natural gas markets. Renewables are anticipated to grow, putting further pressure on fossil fuel demand.