Le Lézard
Classified in: Oil industry, Business
Subject: DIV

Spire Increases Common Stock Dividend


21st Consecutive Year of Increases

ST. LOUIS, Nov. 13, 2023 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE: SR) unanimously agreed to increase the quarterly common stock dividend to $0.755 per share from $0.72 per share. This full year $0.14 per share increase brings the annualized rate to $3.02, an increase of 4.9%.

"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 3, 2024, to shareholders of record on December 11, 2023. Spire has continuously paid a cash dividend since 1946, with 2024 marking the Company's 21st 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, 2024, to holders of record on January 25, 2024.

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 companies 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:
Scott W. Dudley Jr.
[email protected]
314-342-0878

Media Contact:
Jessica B. Willingham
[email protected]
314-342-3300

SOURCE Spire Inc.


These press releases may also interest you

at 09:28
Keep Electrical Safety a Priority for a Bright and Enjoyable Summer Season
In recognition of National Electrical Safety Month and the unofficial start of summer on Memorial Day, FirstEnergy Corp. is urging the public to keep safety top of mind. Celebrating responsibly around potential electrical hazards while participating...

at 09:15
San Juan Basin Royalty Trust Declares No Cash Distribution for May 2024 and Announces Production Costs in Excess of Proceeds
Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") , today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due...

at 09:15
HUGOTON ROYALTY TRUST DECLARES NO MAY CASH DISTRIBUTION
Argent Trust Company, as Trustee of the Hugoton Royalty Trust (the "Trust") announced today there would not be a cash distribution to the holders of its units of beneficial interest for May 2024 due to the excess cost positions on all three of the...

at 09:15
CROSS TIMBERS ROYALTY TRUST DECLARES MAY CASH DISTRIBUTION
Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") , today declared a cash distribution to the holders of its units of beneficial interest of $0.058252 per unit, payable on June 14, 2024, to unitholders of record on May...

at 09:00
Talen Energy Announces All Shares of Common Stock Now Trade on OTCQX
Talen Energy Corporation (the "Company") announced today that the Company's outstanding restricted shares of common stock issued with or under CUSIP No. 87422Q208 (the "Shares") were exchanged for unrestricted shares issued with or under CUSIP No....

at 09:00
GivePower and ServiceNow Partner Again to Address The Water Crises in Kenya's Mombasa and Makueni Counties
GivePower, an award-winning nonprofit helping solve the world's water and electrification needs, announced Friday afternoon the opening of two new solar-powered water systems in Kenya. The first of the two new systems is based in Migadini in Mombasa...

More news about Oil industry...


News published on and distributed by: