S&P Global Increases Dividend 15.0% to $0.77

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.

NEW YORK, Jan. 27, 2021 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) today approved a 15.0% increase in the regular quarterly cash dividend on the Company's common stock.

"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 $1.8 billion to shareholders in the form of dividends and share repurchases."

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 $0.67 to $0.77 per share. The dividend of $0.77 is payable on March 10, 2021, to shareholders of record on February 24, 2021. The new annualized dividend rate of $3.08 per share represents an average compound annual dividend growth rate of 10.2% since 1974.

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

FAQ

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

The new quarterly dividend amount for S&P Global (SPGI) is $0.77 per share.

When will the new dividend for SPGI be paid?

The new dividend for SPGI will be paid on March 10, 2021.

What was the percentage increase in the dividend for SPGI?

The dividend for SPGI increased by 15.0%.

How much did S&P Global (SPGI) return to shareholders in 2020?

S&P Global (SPGI) returned $1.8 billion to shareholders in 2020.

What is the historical trend of S&P Global's dividends?

S&P Global has increased its dividend annually for over 48 years.