Spire Inc. (NYSE:SR) Announces Quarterly Dividend of $0.86

Spire Inc. (NYSE:SR) declared a quarterly dividend on Thursday, November 12th. Investors of record on Friday, December 11th will be given a dividend of $0.8650 per share by the utilities provider on Tuesday, January 5th. This represents a $3.46 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 11th. This is a 4.8% increase from Spire’s previous quarterly dividend of $0.8250.

Spire has a payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Spire to earn $5.49 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 60.1%.

Spire Price Performance

Shares of Spire stock opened at $88.20 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $82.20 and its two-hundred day moving average price is $84.78. Spire has a 52 week low of $74.84 and a 52 week high of $95.31. The stock has a market cap of $5.21 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.48 and a beta of 0.50.

About Spire

Spire Inc. is a natural gas utility holding company that distributes natural gas to residential, commercial and industrial customers. Its regulated utility operations serve customers in Missouri, Alabama and Mississippi. In addition to its utility businesses, Spire operates natural gas marketing and midstream businesses. These activities include marketing natural gas and developing and operating infrastructure that supports its delivery. The company traces its roots to Laclede Gas, founded in St. Louis in 1857.