Spire Inc. (NYSE:SR) Increases Dividend to $0.86 Per Share

Spire Inc. (NYSE:SR) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Friday, December 11th will be given a dividend of $0.8650 per share by the utilities provider on Tuesday, January 5th. This represents a $3.46 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, December 11th. This is a 4.8% increase from Spire’s previous quarterly dividend of $0.8250.

Spire has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Spire to earn $5.49 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 60.1%.

Spire Stock Performance

Shares of NYSE:SR opened at $88.20 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. Spire has a 1 year low of $74.84 and a 1 year high of $95.31. The firm has a market capitalization of $5.21 billion, a PE ratio of 9.83, a P/E/G ratio of 1.48 and a beta of 0.50. The business’s 50 day moving average price is $82.20 and its 200-day moving average price is $84.78.

About Spire

Spire Inc. is a natural gas utility holding company that distributes natural gas to residential, commercial and industrial customers. Its regulated utility operations serve customers in Missouri, Alabama and Mississippi. In addition to its utility businesses, Spire operates natural gas marketing and midstream businesses. These activities include marketing natural gas and developing and operating infrastructure that supports its delivery. The company traces its roots to Laclede Gas, founded in St. Louis in 1857.