22nd Consecutive Year of Increases
ST.
LOUIS, Nov. 14, 2024 /PRNewswire/ -- The board of
directors of Spire Inc. (NYSE: SR) unanimously agreed to increase
the annual common stock dividend to $3.14 per share from $3.02 per share. The $0.12 per share increase brings the quarterly
rate to $0.785, an increase of
4.0%.
"The board's vote to increase Spire's dividend reflects our
confidence in both the company's financial position and its
long-term growth strategy. Spire will continue to be a compelling
investment delivering value to shareholders," said Rob Jones, chairman of the board of Spire.
The dividend is payable on January 3,
2025, to shareholders of record on December 11, 2024. Spire has continuously paid a
cash dividend since 1946, with 2025 marking the Company's
22nd 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 17, 2025, to holders of
record on January 24, 2025.
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 one of the 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 and Spire Midstream. We are committed to
transforming our business through growing organically, investing in
infrastructure, and advancing through innovation. Learn more at
SpireEnergy.com.
Investor Contact:
Megan McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com
Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com
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SOURCE Spire Inc.
