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ST. LOUIS - Spire Inc. (NYSE: SR), a leading natural gas company, has announced that its board of directors approved a quarterly dividend payment. Shareholders of record as of June 11, 2025, will receive a dividend of $0.785 per share on July 2, 2025. This marks the 22nd consecutive year that Spire has increased its common stock dividend, continuing a streak that began in 1946. According to InvestingPro data, the company currently offers a 4.05% dividend yield and has maintained dividend payments for 55 consecutive years.
In addition to the common stock dividend, the company also declared a quarterly dividend for its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock. Holders of record on July 25, 2025, will receive a dividend of $0.36875 per depositary share on August 15, 2025.
Spire serves 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, making it one of the largest publicly traded natural gas utilities in the United States. The company focuses on delivering energy to support the daily lives of its customers, while also investing in infrastructure and innovation to transform its business.
The information regarding the dividend declaration is based on a press release statement from Spire Inc.
In other recent news, Spire Inc. announced that its subsidiary, Spire Missouri Inc., has secured $150 million through the issuance of First Mortgage Bonds. The bonds, filed with the SEC, include $90 million due in 2030 with a 4.88% interest rate and $60 million due in 2032 at a 5.12% rate, aimed at supporting general corporate purposes. JPMorgan has upgraded Spire’s stock rating from ’Neutral’ to ’Overweight’, raising the price target to $85, citing favorable Missouri regulations and the positive impact of the SB4 legislation. Meanwhile, Mizuho Securities has also raised its price target for Spire to $82, maintaining an ’Outperform’ rating, highlighting the potential benefits from Missouri’s rate case and the company’s gas marketing business. Guggenheim Securities has increased its price target to $72 while keeping a ’Neutral’ stance, following positive feedback from a non-deal roadshow. These recent developments indicate a strategic focus on long-term financial stability and growth opportunities for Spire Inc.
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