S&P Global Declares First Quarter Dividend

Rhea-AI Summary

The Board of Directors of S&P Global (NYSE: SPGI) has announced a cash dividend of $0.77 for the first quarter of 2022, payable on March 10, 2022, to shareholders recorded by February 10, 2022. This results in an annualized dividend rate of $3.08 per share. In connection with its merger with IHS Markit (NYSE: INFO), S&P Global will not increase its dividend until the merger concludes, expected in Q1 2022, after which the Board will review the dividend policy for the combined entity.

Positive

• Dividend announcement of $0.77 enhances income for shareholders.
• Annualized dividend rate is $3.08, indicating strong shareholder returns.

Negative

• Dividend freeze until merger closure with IHS Markit may disappoint some investors.

NEW YORK, Jan. 26, 2022 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Corporation's common stock for the first quarter of 2022. The dividend of $0.77 is payable on March 10, 2022, to shareholders of record on February 10, 2022. The annualized dividend rate is $3.08 per share.

As part of the merger with IHS Markit (NYSE: INFO) the Corporation agreed not to raise its dividend until closing. The merger is expected to close in the first quarter and following closing, the Board will revisit the dividend policy for the combined Company.

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
Senior Director, 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:https://www.prnewswire.com/news-releases/sp-global-declares-first-quarter-dividend-301468819.html

SOURCE S&P Global

FAQ

What is the dividend amount for S&P Global in Q1 2022?

The dividend amount for Q1 2022 is $0.77.

When will the dividend be paid to shareholders?

The dividend will be paid on March 10, 2022.

What is the annualized dividend rate for S&P Global?

The annualized dividend rate is $3.08 per share.

Why is S&P Global not raising its dividend?

S&P Global has agreed not to raise its dividend until the merger with IHS Markit is completed.

When is the merger with IHS Markit expected to close?

The merger with IHS Markit is expected to close in the first quarter of 2022.