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ST. LOUIS - Spire Inc. (NYSE: NYSE:SR), a major natural gas company with a market capitalization of $4.1 billion, has announced its latest dividend payouts for shareholders. The company’s board of directors declared a quarterly common stock dividend of $0.785 per share, offering an attractive yield of 4.52%, scheduled for payment on April 2, 2025, to shareholders on record as of March 11, 2025.
This declaration continues Spire’s long-standing tradition of distributing cash dividends, a streak that has been maintained for 54 consecutive years since 1946. Notably, 2025 marks the 22nd consecutive year that Spire has increased its annualized common stock dividend. According to InvestingPro analysis, this impressive dividend history is one of several key metrics that contribute to the company’s GOOD financial health score.
In addition to the common stock dividend, Spire’s board also declared a regular quarterly dividend for its preferred stock. Holders of the 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock will receive a dividend of $0.36875 per depositary share on May 15, 2025, with the record date set for April 25, 2025.
Spire serves 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, making it one of the largest publicly traded natural gas companies in the United States. The company’s operations extend beyond utility services to include Spire Marketing and Spire Midstream, with a commitment to growth through organic expansion, infrastructure investment, and innovation. With annual revenue of $2.59 billion and trading near its 52-week high, InvestingPro subscribers can access detailed analysis and 8 additional ProTips about Spire’s financial outlook and market position.
This information is based on a press release statement from Spire Inc.
In other recent news, Spire Inc. has seen significant shifts in leadership and financial outlook. CEO Steven L. Lindsey has taken an indefinite health-related leave of absence, with Executive Vice President and COO Scott E. Doyle stepping in to assume Lindsey’s responsibilities. Despite this change, Spire expects its operations to remain unaffected.
Spire has also requested a net increase of $235.9 million in base rates for natural gas services from the Missouri Public Service Commission, intending to address system investments and operating costs essential for safety, reliability, and improved customer service.
Mizuho (NYSE:MFG) Securities has upgraded Spire’s stock from Neutral to Outperform, raising the price target to $76.00 due to an increased forecast for the company’s adjusted earnings per share (EPS) for fiscal year 2026. This upgrade is partly influenced by the anticipated positive outcome from Spire’s 2025 rate case.
Finally, Spire reported improved financial performance, with fourth-quarter earnings surpassing estimates. The company issued fiscal 2025 adjusted EPS guidance of $4.40 to $4.60, significantly higher than the current analyst consensus of $4.38. These are some of the recent developments surrounding Spire Inc.
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