Spire Inc. (SR) To Go Ex-Dividend on March 11th

Spire Inc. (NYSE:SR) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.825 per share by the utilities provider on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th.

Spire has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 22 years. Spire has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spire to earn $4.88 per share next year, which means the company should continue to be able to cover its $3.30 annual dividend with an expected future payout ratio of 67.6%.

Spire Price Performance

Shares of SR opened at $84.58 on Friday. The firm has a fifty day simple moving average of $83.69 and a two-hundred day simple moving average of $81.50. The firm has a market cap of $5.00 billion, a PE ratio of 19.22, a P/E/G ratio of 1.52 and a beta of 0.67. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 1.07. Spire has a 1-year low of $68.48 and a 1-year high of $91.11.

Spire (NYSE:SR) last released its quarterly earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01). The firm had revenue of $334.10 million during the quarter, compared to analysts’ expectations of $439.56 million. Spire had a return on equity of 8.78% and a net margin of 10.96%.The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.54) earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts anticipate that Spire will post 4.5 EPS for the current year.

Spire Company Profile

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.