Spire Inc. (NYSE:SR) Announces $0.83 Quarterly Dividend

Key Points

• Spire announced a quarterly dividend of $0.825 per share (annualized $3.30) payable July 2 to shareholders of record on June 11, with an indicated yield of about 3.6% and an ex-dividend date of June 11.
• The company has raised its dividend for 22 consecutive years and currently has a payout ratio of 65.2%, while analysts' expected EPS (~$5.54) implies a future payout ratio near 59.6%, suggesting the dividend is reasonably covered.
• In the most recent quarter Spire beat EPS estimates ($1.77 vs. $1.62) and reported 13.9% year-over-year revenue growth, and it set FY2027 guidance of $5.65–$5.85 and FY2026 guidance of $5.25–$5.45.

Spire Inc. (NYSE:SR - Get Free Report) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.825 per share by the utilities provider on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, June 11th.

Spire has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 22 years. Spire has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spire to earn $5.54 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 59.6%.

Spire Price Performance

SR stock traded down $0.21 during mid-day trading on Friday, reaching $90.97. 15,254 shares of the company's stock were exchanged, compared to its average volume of 365,786. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.61 and a quick ratio of 0.45. Spire has a 12-month low of $69.94 and a 12-month high of $95.31. The stock's 50 day moving average is $91.46 and its 200 day moving average is $87.52. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.47 and a beta of 0.60.

Spire (NYSE:SR - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.15. Spire had a return on equity of 9.43% and a net margin of 10.95%.The firm had revenue of $762.20 million for the quarter, compared to analyst estimates of $785.54 million. During the same quarter last year, the firm posted $1.34 EPS. The business's revenue was up 13.9% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts expect that Spire will post 5.2 EPS for the current year.

Spire Company Profile

Spire Inc NYSE: SR, formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire's service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.

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