S&P Global's Projected Growth for 2024 and Investment Considerations

S&P Global has a robust economic moat

This company raised its dividend for over 50 consecutive years and boosted its forecasted earnings for the year. Over the past five decades, S&P Global (NYSE: SPGI) has steadily raised its dividend payout, proving to be a reliable dividend stock you can count on. The company enjoys a robust business model and economic moat that provide it with a steady stream of cash flow.

S&P Global projects better-than-expected growth in 2024

The past few years have been challenging for the credit ratings business. In 2022, S&P Global completed a $44 billion, all-stock deal to acquire IHS Markit. The deal expanded S&P Global's information and analytics offerings. However, the large investment also weighed on the company's return on invested capital and put pressure on the stock price.