S&P Global (formerly McGraw Hill Financial) (SPGI) will raise its dividend by 13.9 percent to $0.41 quarterly in 2017.

"Raising the dividend underscores our strong financial position and our optimism about the future," said Douglas L. Peterson, President and CEO of S&P Global. "Returning cash to shareholders is a hallmark of our Company. In 2016, we returned $1.5 billion to shareholders in the form of dividends and share repurchases."

The dividend will be payable on March 10, 2017, to shareholders of record on February 24, 2017. The new annualized dividend rate of $1.64 per share represents an average compound annual dividend growth rate of 9.6% since 1974. The company has paid a dividend each year since 1937.

S&P Global Inc., formerly McGraw Hill Financial, Inc., is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets. The Company's divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts.