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

Spire Inc. (NYSE:SR) declared a quarterly dividend on Thursday, January 29th. Investors 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) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th.

Spire has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 22 years. Spire has a payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.8%

SR stock traded down $1.53 during mid-day trading 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 company has a market cap of $4.93 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.51 and a beta of 0.67. The business’s 50 day moving average price is $83.72 and its 200 day moving average price is $81.43. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 1.07. Spire has a 12 month low of $68.48 and a 12 month high of $91.11.

Spire (NYSE:SR) last posted its 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 return on equity of 8.78% and a net margin of 10.96%.The firm had revenue of $334.10 million during the quarter, compared to the consensus estimate of $439.56 million. During the same quarter in the previous year, the company earned ($0.54) EPS. The business’s revenue was up 13.7% compared to the same quarter last year. 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, equities research analysts predict 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.