Spire Increases Common Stock Dividend
Spire Inc. (NYSE: SR) announced a 4.0% increase in its annual common stock dividend to $3.14 per share from $3.02 per share, raising the quarterly rate to $0.785.
Sentiment and the balance of points
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Rhea-AI Summary
Spire Inc. (NYSE: SR) announced a 4.0% increase in its annual common stock dividend to $3.14 per share from $3.02 per share, raising the quarterly rate to $0.785. The dividend is payable on January 3, 2025, to shareholders of record on December 11, 2024. This marks Spire's 22nd consecutive year of dividend increases, with continuous cash dividend payments since 1946. Additionally, the company declared a quarterly dividend of $0.36875 per depositary share on its 5.90% Series A Preferred Stock, payable February 17, 2025.
Positive
- 22-year track record of consecutive dividend increases
- 4.0% increase in annual dividend from $3.02 to $3.14 per share
- Continuous cash dividend payments since 1946 demonstrating financial stability
Negative
- None.
Details
News Market Reaction – SR
The recorded move for SR in the trading session of this news was +0.35%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
22nd Consecutive Year of Increases
"The board's vote to increase Spire's dividend reflects our confidence in both the company's financial position and its long-term growth strategy. Spire will continue to be a compelling investment delivering value to shareholders," said Rob Jones, chairman of the board of Spire.
The dividend is payable on January 3, 2025, to shareholders of record on December 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2025 marking the Company's 22nd consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of
About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas company in the country. We help families and business owners fuel their daily lives through our gas utilities serving
Investor Contact:
Megan McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com
Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com
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SOURCE Spire Inc.
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