Financial Review: 75
Cash Returned to Shareholders

U.S. GAAP

Delivering Shareholder Value

In 2022, the Company returned more than $13 billion to shareholders through a combination of $12 billion in the form of accelerated share repurchases (ASR) and $1 billion in cash dividends.

Cash Returned to Shareholders

(dollars in millions)

'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
Share repurchases
$295
$978
$362
$974
$1,123
$1,001
$1,660
$1,240
$1,164
–
$12,004
Special dividend
$697
–
–
–
–
–
–
–
–
–
–
Regular dividend
$287
$308
$326
$363
$380
$421
$503
$560
$645
$743
$1,024
Total SPGI
$1,279
$1,286
$688
$1,337
$1,503
$1,422
$2,163
$1,800
$1,809
$743
$13,028

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

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50th Consecutive Year of Dividend Increases

S&P Global has paid a dividend each year since 1937 and is one of fewer than 25 companies in the S&P 500 that has increased its dividend annually for at least the last 50 years. A new annualized dividend rate of $3.60 per share of common stock was approved by the Board in January 2023.

Dividends per Share of Common Stock

'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
Special
$2.50
–
–
–
–
–
–
–
–
–
–
Regular
$1.02
$1.12
$1.20
$1.32
$1.44
$1.64
$2.00
$2.28
$2.68
$3.08
$3.32

Note:  2012 includes a special dividend of $2.50 per share on the Company’s common stock

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Dividend Payout (Based on Regular Dividends)

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

'12
'13
'14
'15
'16
'17
'18
'19
'20
'21
'22
Dividend
$287
$308
$326
$363
$380
$421
$503
$560
$645
$743
$1,024
Net Income*
$437
$1,376
$(115)
$1,156
$2,106
$1,496
$1,958
$2,123
$2,339
$3,024
$3,248
Payout (%)
66
22
(284)
31
18
28
26
26
28
25
32

*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, 2022, the Company returned approximately $15.6 billion to shareholders through dividends and share repurchases