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

Spire Inc. (NYSE:SR) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.825 per share by the utilities provider on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th.

Spire has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 22 consecutive years. Spire has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Spire to earn $4.88 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 67.6%.

Spire Stock Performance

Shares of NYSE:SR traded down $1.53 on Friday, reaching $83.34. The company’s stock had a trading volume of 23,586 shares, compared to its average volume of 339,817. The stock’s 50-day moving average is $83.72 and its two-hundred day moving average is $81.43. Spire has a 52-week low of $68.48 and a 52-week high of $91.11. The stock has a market capitalization of $4.93 billion, a P/E ratio of 18.96, a PEG ratio of 1.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.32 and a quick ratio of 0.21.

Spire (NYSE:SR) last announced its quarterly earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.01). Spire had a net margin of 10.96% and a return on equity of 8.78%. The business had revenue of $334.10 million during the quarter, compared to analysts’ expectations of $439.56 million. During the same period last year, the company earned ($0.54) EPS. The firm’s revenue for the quarter was up 13.7% 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. As a group, sell-side analysts forecast that Spire will post 4.5 EPS for the current year.

About Spire

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.