S&P Global hikes dividend by 5.9%

On January 25, 2023, S&P Global (SPGI), the parent company of S&P Dow Jones Indices (maintaining the S&P500 Dividend Aristocrats Index) declared a 5.9% dividend hike to $0.90 quarterly per share. This marks 50 consecutive years of increased dividends. The new annualized dividend rate of $3.60 per share yields 1.0% at a stock price of $366. The next ex-dividend date is February 23, 2023.

S&P Global Inc., formerly McGraw Hill Financial, Inc., is a provider of credit ratings, benchmarks and analytics in the global capital and commodity markets.  The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; and the commodity markets include producers, traders and intermediaries within energy, petrochemicals, metals and agriculture. The company's four reportable segments are: S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. In 2022 S&P Global completed the acquisition of IHS Markit, an approximately $140 billion merger, creating a leading information services provider with a unique portfolio of highly complementary assets. S&P Global has paid a dividend each year since 1937.