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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.