S&P Global's Dividend Hike and Planned Spin Off: Valuation Analysis

S&P Global approved a 1.0% dividend hike to $0.97 per share, tied to its planned Mobility division spin off in 2026. The stock has strong momentum with a 30-day return of 6.58% and a 90-day return of 13.88%. However, its P/E ratio of 39.2x is rich compared to industry and peer averages, and the market may reassess the premium multiple or face execution challenges around the spin off. Our DCF model estimates a fair value of $338.02 per share.