MBGL▲
Mobility Global declares $0.06 quarterly dividend
Mobility Global, Inc. declared a quarterly dividend of $0.06 per share, in line with the previous payout. The dividend is payable on September 10 to shareholders of record as of August 27, with the ex-dividend date also on August 27. The forward yield is 1.22%.
Seeking Alpha·17dRead more ▾
Mobility Global cuts 2026 guidance, approves first dividend in first post-spin-off earnings
Mobility Global lowered its full-year 2026 revenue and adjusted EBITDA guidance while declaring its inaugural quarterly dividend of $0.06 per share in its first earnings report as a standalone company following its spin-off from S&P Global. Second-quarter revenue rose 7% organically to $468 million and adjusted EBITDA increased about 7% to $202 million, but results fell modestly short of expectations due to a less effective CARFAX bundled-sales strategy and weaker automotive activity outside the U.S. The company now expects 2026 revenue of $1.87 billion to $1.885 billion and adjusted EBITDA of $745 million to $760 million, with standalone costs from the spin-off expected to pressure margins and generate about $100 million in additional one-time cash costs. The board approved the dividend payable September 10, but share repurchases are not expected until early 2027. Management is also advancing product launches, European expansion, and a multiyear effort to integrate its businesses under the "One Mobility Global" platform.
MarketBeat·18dRead more ▾
MBGL
S&P Global spins off mobility unit, sharpens focus on core financial data and ratings
S&P Global has completed the spin-off of its mobility division into a separate publicly traded company, Mobility Global, and divested a geoscience and petroleum engineering software portfolio from its energy arm. The mobility unit previously accounted for about 10% of S&P Global's revenue, and its removal is expected to slightly lift companywide profit margins since the division's margins were below the corporate average. The restructuring leaves S&P Global more concentrated on its two largest businesses: subscription-based market intelligence and bond ratings, which together generate the bulk of its reliable, recurring revenue. The company has raised its dividend annually for over 50 years, and most analysts rate the stock a strong buy with a consensus price target of $501.24, about 15% above the current price.
The Motley Fool·50dRead more ▾
MBGL▲
Mobility Global Begins NYSE Trading After S&P Global Spin Off
Mobility Global has completed its spin off from S&P Global and begun trading as an independent public company on the NYSE. The company adopted new bylaws, reshaped its board, and announced key leadership appointments, including a new Chief Accounting Officer and dedicated Chair, establishing a standalone governance framework. The separation creates a focused, asset-light automotive data and analytics company, with brands such as CARFAX and Mobility Business Solutions now under independent oversight. S&P Global shareholders received one Mobility Global share for each S&P Global share, broadening initial ownership. Investors will watch for standalone financial targets, management of a shelf registration for up to 46,000,000 shares, and how the company balances investment in data and AI with shareholder returns.
Simply Wall St·54dRead more ▾
MBGL▼
S&P Global Stock Jumps Nearly 8% After Completing Mobility Global Spinoff
S&P Global shares rose nearly 8% on Wednesday after the company completed the spinoff of its automotive data and analysis unit, Mobility Global, into a separate publicly traded company. Existing S&P Global stockholders as of June 15 received one Mobility Global share for each S&P Global share they held. The move was accompanied by an analyst upgrade from Huber Research's Douglas Arthur, who raised his rating on S&P Global to neutral from underweight. Mobility Global, best known for its Carfax service, saw its shares fall almost 4% on their first day of trading. S&P Global plans to release recast financial information excluding the Mobility Global business on Monday, July 6.
The Motley Fool·56dRead more ▾
MBGL▲
Mobility Global Marks First Day as Public Company on NYSE
Mobility Global began trading as a standalone public company on the New York Stock Exchange following its spinoff from S&P Global. The debut comes as the Dow recorded its best first-half performance since 2021, with the S&P 500 up 9.6% year-to-date. In other market news, Evernorth unveiled its 'Pharmacy Forward' platform, an AI-powered tool designed to personalize support and streamline prescription processing.
PR Newswire·56dRead more ▾
MBGL▲
S&P Global completes separation of Mobility Global
S&P Global has completed the separation of its Mobility division into an independent public company, Mobility Global Inc., which begins trading today on the New York Stock Exchange under the ticker MBGL. The separation was achieved through a distribution of 100 percent of Mobility Global shares to S&P Global stockholders, with shareholders receiving one share of Mobility Global for each S&P Global share held as of the June 15 record date. S&P Global expects to issue recast financial information for full-year 2025 and the first quarter of 2026 on July 6. Morgan Stanley, Goldman Sachs, Citigroup, and Evercore served as financial advisors, while Davis Polk and Baker McKenzie provided legal counsel.
PR Newswire·56dRead more ▾
MBGL
Labor data, Fed comments in focus for holiday-shortened week
Wall Street heads into a holiday-shortened week with investors focused on US labor market data and Federal Reserve communications. The June nonfarm payrolls report on Thursday is expected to show job creation moderating to around 110,000 to 120,000 additions, with unemployment steady at 4.3% and wage growth near 0.3% month-on-month. Federal Reserve Chair Kevin Warsh is due to speak at the ECB's Sintra forum, and markets will scrutinize his comments for signals on inflation tolerance and policy direction. Corporate activity includes the spin-off of Honeywell Aerospace and S&P Global's separation of its automotive data business into Mobility Global, while IPO activity remains active with listings from Bending Spoons, Neutron Holdings, CopperTech, and ITG. Earnings from Nike and updates from Amazon's AWS summit are also in focus.
Yahoo Finance·58dRead more ▾
MBGL▲
Gulfport Energy and Mobility Global to Join S&P SmallCap 600
S&P Dow Jones Indices will add Gulfport Energy and Mobility Global to the S&P SmallCap 600. Gulfport Energy will replace Select Medical Holdings effective prior to the open of trading on Wednesday, July 1, as Select Medical Holdings is being acquired. Mobility Global will replace Core Laboratories effective prior to the open of trading on Thursday, July 2, following its spin-off from S&P 500 constituent S&P Global. Core Laboratories is being removed because it no longer represents the small-cap market space.
PR Newswire·61dRead more ▾