Dividend Aristocrat S&P Global raises dividend for 50th consecutive year
On January 25, 2023, S&P Global (trading symbol SPGI) declared a new quarterly dividend of $0.90 per share, up 5.9% from the previous quarterly rate of $0.85. This dividend hike marks 50 consecutive years of dividend growth for the Dividend Aristocrat.
S&P Global, the parent company of S&P Dow Jones Indices (the company behind the Dividend Aristocrats Index, announcing 3 new Aristocrats just Yesterday) has paid a dividend each year since 1937 and this new dividend hike just announced marks 50 straight years of dividend growth.
The increased SPGI dividend of $0.90 is payable on March 10, 2023, to shareholders of record on February 24, 2023. The new annualized dividend rate is $3.60 per share and will yield 0.98% at a stock price of $367. Based on calculations by dividendtrackrecords.com SPGI will now pay an estimated annual dividend of $1.173 billion to all shareholders together.
In 2021 S&P Global, formerly known as McGrawHill & Co, announced a dividend hike of 10.4%, marking 49 consecutive years of increased dividends. Actually, SPGI had raised the dividend by double digits in each of the previous six years. So this is the smallest increase since 2012, when the quarterly dividend was increased by just 2.0%.
S&P Global Inc., incorporated on December 29, 1925, is a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. The Company comprises six operating divisions: S&P Global Market Intelligence (Market Intelligence), S&P Global Ratings (Ratings), S&P Global Commodity Insights (Commodity Insights), S&P Global Mobility (Mobility), S&P Dow Jones Indices (Indices), and S&P Global Engineering Solutions (Engineering Solutions). In 2022 S&P Global completed the acquisition of IHS Markit. S&P Global is not only the owner of the Aristocrats Index, but also is a Dividend Aristocrat itself with 50 years in a row of dividend increases.