S&P Global Increases Quarterly Dividend From $0.90 To $0.91
Portfolio Pulse from Benzinga Newsdesk
S&P Global (NYSE:SPGI) has announced a 1.1% increase in its regular quarterly cash dividend, raising it from $0.90 to $0.91 per share. This marks the company's continued tradition of paying dividends annually since 1937 and increasing them for at least 51 consecutive years. The new dividend will be payable on March 12, 2024, to shareholders of record as of February 27, 2024, resulting in an annualized dividend rate of $3.64 per share.
January 23, 2024 | 8:28 pm
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S&P Global has raised its quarterly dividend to $0.91 per share, a 1.1% increase, maintaining its long-standing record of annual dividend growth.
The increase in dividend is typically viewed positively by investors as it signals confidence in the company's financial health and commitment to returning value to shareholders. While the increase is modest, it reinforces S&P Global's reputation as a reliable dividend-paying stock, which may attract income-focused investors and potentially support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100