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ST. LOUIS - Spire Inc. (NYSE:SR), a utility company with a market capitalization of $4.4 billion, announced Thursday that its board of directors has declared a quarterly common stock dividend of $0.785 per share, payable October 2, 2025, to shareholders of record on September 11, 2025. The current dividend yield stands at 4.24%.
The natural gas company has maintained an uninterrupted record of cash dividend payments since 1946, with 2025 marking its 22nd consecutive year of increasing its common stock dividend on an annualized basis. According to InvestingPro data, Spire has maintained dividend payments for 55 consecutive years, making it a notable dividend aristocrat. InvestingPro analysis reveals 7 additional key insights about Spire’s financial health and growth prospects.
In addition, the board declared a regular quarterly dividend of $0.36875 per depositary share on the company’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock. This preferred stock dividend will be payable November 17, 2025, to holders of record on October 24, 2025.
Spire serves approximately 1.7 million homes and businesses through its gas utilities operating in Alabama, Mississippi and Missouri. The company’s operations also include Spire Marketing and Spire Midstream.
The dividend announcement was made in a company press release statement.
In other recent news, Spire Inc. has reported its Q2 2025 earnings, revealing adjusted earnings per share of $3.60, which fell short of the anticipated $3.65. Additionally, the company’s revenue was reported at $1.05 billion, missing the forecasted $1.23 billion. In a significant development, Spire has agreed to acquire Duke Energy’s Tennessee natural gas business for $2.48 billion, a move that will expand its customer base in the Nashville area by over 200,000. This acquisition is expected to close in the first quarter of 2026, pending regulatory approvals.
Furthermore, Spire has filed a new shelf registration statement with the SEC, which allows the company to issue and sell up to $123,613,839 in shares of its common stock. In analyst updates, Stifel has raised its price target for Spire to $81 from $69, while maintaining a Hold rating on the stock. This adjustment reflects changes to the midstream and marketing segments of Spire’s business model. These developments highlight Spire’s strategic moves and financial activities in the current market environment.
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