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ST. LOUIS - Spire Inc. (NYSE:SR) announced Thursday that its board of directors unanimously approved a 5.1 percent increase to the company’s annual common stock dividend, raising it to $3.30 per share from $3.14 per share. The utility currently yields 3.47% and trades near $90.83, just shy of its 52-week high of $91.11, according to InvestingPro data.
The increase brings the quarterly dividend rate to $0.825 per share. The dividend will be payable on January 5, 2026, to shareholders of record on December 11, 2025.
This marks the 23rd consecutive year that Spire has increased its common stock dividend on an annualized basis. The company has maintained an uninterrupted record of cash dividend payments since 1946.
"Spire’s dividend increase speaks to the board’s confidence in the company’s long-term financial expectations and its growth strategy," said Rob Jones, Spire board chair, in a press release statement.
The board also declared the regular quarterly dividend of $0.36875 per depositary share on the company’s 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable February 17, 2026, to holders of record on January 26, 2026.
Spire serves approximately 1.7 million homes and businesses through its gas utilities in Alabama, Mississippi and Missouri, making it one of the largest publicly traded natural gas companies in the United States. The company’s operations also include Spire Marketing and Spire Midstream.
In other recent news, Spire Missouri, a subsidiary of Spire Inc., has completed a $200 million bond issuance for general purposes. This private placement includes $150 million in 4.60% series bonds due in 2030 and $50 million in 4.65% series bonds due in 2031, with interest to be paid semi-annually. In terms of analyst activity, BofA Securities upgraded Spire’s stock rating from Underperform to Neutral, citing an improved risk/reward profile due to a favorable regulatory environment in Missouri.
Additionally, Mizuho raised its price target for Spire to $93, maintaining an Outperform rating, and highlighted the potential benefits of Spire’s pending acquisition in Nashville, Tennessee. UBS also increased its price target to $95, maintaining a Buy rating, and pointed to a more supportive regulatory framework in Missouri as a positive factor. These developments suggest analysts see potential growth and stability for Spire moving forward.
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