Financial Review: 74
Cash Returned to Shareholders

U.S. GAAP

Delivering Shareholder Value

In 2024, the Company returned $4.4 billion to shareholders, comprising $1.134 billion in dividends and $3.3 billion from the repurchase of 6.7 million shares. This represents approximately 84% of 2024 adjusted free cash flow for the year.

Cash Returned to Shareholders

(dollars in millions)

Note:  Shares repurchased are reported on a settlement-date basis

52nd Consecutive Year of Dividend Increases

With a history of paying dividends since 1937, S&P Global stands out as one of fewer than 30 companies in the S&P 500 to raise their dividends annually for at least 52 consecutive years. In January 2025, S&P Global’s Board of Directors approved a 5.5% increase in the Company’s regular dividend to an annualized rate of $3.64 per share of common stock.

Dividends per Share of Common Stock

 
'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
'24
Regular
$1.20
$1.32
$1.44
$1.64
$2.00
$2.28
$2.68
$3.08
$3.32
$3.60
$3.64
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Dividend Payout (Based on Regular Dividends)

(as a percentage of current year’s GAAP earnings)

'14
'15
'16
'17
'18
'19
'20
'21
'22
'23
'24
Dividend
$326
$363
$380
$421
$503
$560
$645
$743
$1,024
$1,147
$1,134
Net Income*
$(115)
$1,156
$2,106
$1,496
$1,958
$2,123
$2,339
$3,024
$3,248
$2,626
$3,852
Payout (%)
(284)%
31%
18%
28%
26%
26%
28%
25%
32%
44%
29%

*Attributable to S&P Global
Note:
The 2014 dividend payout percentage reflects the impact of legal and regulatory settlements

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During the three years ended December 31, 2024, the Company returned approximately $21.9 billion to shareholders through share repurchases and dividends