Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a remarkable display of resilience and growth, Laclede Group Inc (NYSE:SR)’s stock has soared to a 52-week high, reaching a price level of $74.82. According to InvestingPro data, the company boasts a market capitalization of $4.36 billion and maintains a solid dividend yield of 4.25%. This peak reflects a significant milestone for the company, marking a period of robust performance amidst a challenging economic landscape. Over the past year, Laclede Group has witnessed an impressive 1-year return of 29.84%, with a P/E ratio of 18.37. This surge underscores the investor confidence and the strategic initiatives undertaken by the company that have resonated positively with the market, propelling the stock to new heights. InvestingPro analysis indicates the stock is trading above its Fair Value, with additional insights revealing the company has maintained dividend payments for 55 consecutive years. For deeper analysis and more exclusive insights, discover 8 additional ProTips available on InvestingPro.
In other recent news, Spire Inc. announced the return of its President and CEO, Steven L. Lindsey, to his full-time duties on February 10, 2025, following a health-related leave of absence. During his absence, Scott E. Doyle, the Executive Vice President and Chief Operating Officer, temporarily assumed Lindsey’s responsibilities. Additionally, Spire’s shareholders recently approved executive compensation and elected directors, with Carrie J. Hightman, Paul D. Koonce, and Brenda D. Newberry confirmed for a three-year term. The shareholders also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2025.
Furthermore, Spire declared an increased quarterly common stock dividend of $0.785 per share, continuing its tradition since 1946. This marks the 22nd consecutive year of increasing the annualized common stock dividend. The board also declared a regular quarterly dividend for its preferred stock, with a payout of $0.36875 per depositary share scheduled for May 15, 2025. These recent developments highlight Spire’s ongoing commitment to shareholder returns and corporate governance.
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