Spire Increases Common Stock Dividend

Rhea-AI Summary

Spire Inc. (NYSE: SR) announced a dividend increase from $0.65 to $0.685 per share, reflecting a 5.4% annual increase to an annualized rate of $2.74. This change demonstrates the company's robust financial standing and ongoing commitment to delivering shareholder value. The dividend is payable on January 4, 2022, to shareholders recorded by December 10, 2021. Spire has maintained a continuous dividend payment since 1946, marking 2022 as its 19th consecutive year of dividend increases.

Positive

• Dividend increase to $0.685 per share, up 5.4%, enhancing shareholder returns.
• Demonstration of strong financial performance and confidence in future growth.
• Continuous cash dividend payments since 1946, highlighting stability.

Negative

• None.

ST. LOUIS, Nov. 15, 2021 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE: SR) unanimously agreed to increase the quarterly common stock dividend to $0.685 per share from $0.65 per share. This full year $0.14 per share increase brings the annualized rate to $2.74, an increase of 5.4%.

"Spire's growing dividend reflects the Company's performance, strong financial position and the board's confidence in our long-term growth strategy going forward. It is also a key part of how we deliver value to our shareholders while positioning Spire as a compelling investment," said Ed Glotzbach, chairman of the board of Spire.

The dividend is payable on January 4, 2022, to shareholders of record on December 10, 2021. Spire has continuously paid a cash dividend since 1946, with 2022 marking the Company's 19^th consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable February 15, 2022, to holders of record on January 25, 2022.

About Spire

At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us the fifth largest publicly traded natural gas company in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing, Spire STL Pipeline and Spire Storage. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com.    

Investor Contact:
Scott W. Dudley Jr.
Scott.Dudley@SpireEnergy.com
314-342-0878

Media Contact:
Jessica B. Willingham
Jessica.Willingham@SpireEnergy.com
314-342-3300

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SOURCE Spire Inc.

FAQ

What is the new dividend amount for Spire (SR)?

Spire Inc. has increased its quarterly dividend to $0.685 per share.

When is the dividend payable to shareholders of Spire (SR)?

The dividend is payable on January 4, 2022.

How much has Spire (SR) increased its dividend by?

Spire has increased its dividend by $0.14 per share, a 5.4% rise.

What is the record date for the dividend payment for Spire (SR)?

The record date for the dividend payment is December 10, 2021.

How many consecutive years has Spire (SR) increased its dividend?

2022 marks the 19th consecutive year that Spire has increased its common stock dividend.