Why S&P Global (SPGI) Deserves a Place in Any Portfolio of the Best S&P 500 Dividend Stocks

S&P Global Inc. (NYSE:SPGI) is included among the 10 Best S&P 500 Dividend Stocks to Invest in.

Why S&P Global (SPGI) Deserves a Place in Any Portfolio of the Best S&P 500 Dividend Stocks

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S&P Global Inc. (NYSE:SPGI) is a leading credit rating agency that plays a vital role in global financial markets by assessing the creditworthiness of debt issuers. It provides opinions on credit risk and on the ability and willingness of borrowers to meet their financial commitments. Investors depend on these assessments to better evaluate and manage risk.

Holding about 50% of the credit ratings market, S&P Global Inc. (NYSE:SPGI) benefits from a strong competitive edge given how essential credit ratings are to the global economy. Backed by a stable, diversified business model and a healthy balance sheet, the company has raised its dividend for 53 straight years and is well positioned to continue that record.

On September 16, S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend of $0.96 per share, which was in line with its previous dividend. The stock has a dividend yield of 0.76%, as recorded on September 21.

While we acknowledge the potential of SPGI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SPGI and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.