#None #Dividend #St. Louis #Spire Inc. #NYSE SR

Spire Inc. Declares Quarterly Dividend

On January 30, 2025, Spire Inc. (NYSE: SR) made an announcement that has captured the attention of investors and financial analysts alike. The company's board of directors declared a quarterly common stock dividend of $0.785 per share, which will be payable on April 2, 2025. Shareholders who are on record as of March 11, 2025, will be eligible to receive this payment.

This latest dividend declaration is particularly noteworthy as it signifies Spire's commitment to returning value to its shareholders. With this announcement, 2025 marks the 22nd consecutive year that the company has increased its common stock dividend on an annual basis. Since 1946, Spire has consistently paid cash dividends, establishing a strong track record in maintaining investor confidence through steady financial performance.

Moreover, in addition to the common stock dividend, Spire's board also declared a quarterly dividend of $0.36875 per depositary share for its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend is set to be paid on May 15, 2025, to those who hold shares as of April 25, 2025.

The Significance of Consistent Dividends

For investors, the consistency in dividend payments is a critical indicator of a company's stability and profitability. It reflects on Spire's operational strength and its ability to generate sufficient cash flow to support these payouts. In an era where many companies cut dividends during challenging economic times, Spire’s unwavering commitment to providing dividends reinforces its reputation as a reliable investment option.

A Brief Overview of Spire Inc.

Spire Inc. is one of the largest publicly traded natural gas companies in the United States, serving approximately 1.7 million residential and business customers across Alabama, Mississippi, and Missouri. The company operates through various subsidiaries focused on natural gas utility services, marketing, and midstream operations. Spire is dedicated to innovation and infrastructure investment to adapt to the evolving energy landscape while ensuring safe and reliable energy supply to its customers.

The corporate philosophy at Spire centers on making life better for people through energy. This foundational belief drives their operations and commitment to community engagement and customer service. The company holds a strategic focus on sustainable growth and aims to expand its market presence and service offerings in the coming years.

Future Outlook

Looking ahead, Spire is poised for growth, not only through its consistent dividends but also with its ongoing investments in infrastructure and innovation. The company's proactive approach in driving operational efficiency and advancing energy solutions is expected to enhance its profitability and shareholder value in the long term. Investor relations contact Megan McPhail emphasized the importance of transparency and communication with stakeholders as the company navigates future challenges and opportunities.

In summary, Spire Inc.'s announcement of its quarterly dividend is not just a financial statistic; it represents a philosophy of commitment to shareholder value and a strong financial foundation. As the company continues to thrive, its investors can take comfort in knowing that their interests remain a priority.