Spire Inc. announced a 4.8% increase in its annual common stock dividend, raising the payout to $3.46 per share from $3.30. This adjustment brings the quarterly dividend rate to $0.865 per share, marking the company's 24th consecutive year of annual dividend increases.
Bullish
🤖 80%
The board raised the annual dividend to $3.46 from $3.30 per share, a 4.8% increase, payable January 5, 2027 to holders of record December 11, 2026. This marks the 24th straight year of increases and signals financial strength, which supports the share price, though a dividend hike is an expected routine event for a utility.
Catalysts
- ▲ Annual dividend raised 4.8% to $3.46 per share ($0.865 quarterly)
- ▲ 24th consecutive year of dividend increases, payable January 5, 2027
Risk Factors
- ▼ Dividend increases are largely anticipated for a utility with a long increase streak
- ▼ No new earnings or guidance figures disclosed in the announcement