Spire Inc dividend yield calculator – SPIRE INC Declares 0.72 Cash Dividend
March 24, 2023
Dividends Yield
On March 2 2023, SPIRE INC ($NYSE:SR) declared a new 0.72 cash dividend per share. This is the lowest cash dividend that the company has issued in the past 3 years, with dividends of 2.78 USD, 2.74 USD, and 2.6 USD respectively in 2021, 2022, and 2023.
However, SPIRE INC’s dividend yield of 3.95%, 3.99%, and 3.75% over the 2021-2023 period averages out to a generous 3.9%. If dividends are of interest to you, SPIRE INC should be one of the stocks that you consider adding to your portfolio. The ex-dividend date for the 0.72 cash dividend is March 9 2023, so make sure you invest before then to receive the dividend.
Price History
This news sent its stock price to open at $70.0 and it closed at $69.7, down by 1.0% from the previous closing price of 70.4. This marks the first time the company has put forth a cash dividend for its investors in recent years. This dividend announcement comes as a pleasant surprise for investors and is seen as an indicator of the company’s financial strength.
Analysts have speculated that the company is anticipating further growth in the coming quarters and is likely to continue distributing similar dividends in the future. Shareholders of SPIRE INC should take this opportunity to reap the benefits of the dividend and gain from the fresh rally in the stock market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spire Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.46k | 241 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spire Inc. More…
| Operations | Investing | Financing |
| 114.1 | -555.3 | 445 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spire Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.33k | 7.46k | 54.51 |
Key Ratios Snapshot
Some of the financial key ratios for Spire Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | 15.6% | 18.4% |
| FCF Margin | ROE | ROA |
| -18.2% | 10.0% | 2.7% |
Analysis
We at GoodWhale recently conducted an analysis of SPIRE INC‘s wellbeing and are pleased to report our findings. According to our Risk Rating algorithm, SPIRE INC is a medium risk investment in regards to both financial and business aspects. Additionally, our team has identified three risk warnings within the income sheet, balance sheet and cashflow statement. We encourage those who are interested to register on goodwhale.com to further explore these results. Our website provides an in-depth look at our analysis and can help to inform any decisions regarding SPIRE INC. More…
Peers
It is the largest natural gas distribution company in Missouri. Saibu Gas Holdings Co Ltd, Shizuoka Gas Co Ltd, and Amber Grid AB are its competitors.
– Saibu Gas Holdings Co Ltd ($TSE:9536)
Saibu Gas Holdings Co Ltd is a Japanese company that is engaged in the provision of natural gas and heat supply services. The company has a market capitalization of 62.02 billion as of 2022 and a return on equity of 2.31%. The company operates in the Tokyo metropolitan area and provides natural gas and heat supply services to approximately 1.4 million customers.
– Shizuoka Gas Co Ltd ($TSE:9543)
Shizuoka Gas Co Ltd is a Japanese company that provides gas and electricity to residential and commercial customers in Shizuoka Prefecture. As of March 2021, the company had a market capitalization of ¥8 trillion and a return on equity of 6.15%. The company was founded in 1951 and is headquartered in Shizuoka, Japan.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a world leader in energy storage solutions. The company has a market cap of 217.63M as of 2022 and a return on equity of 7.09%. Amber Grid is headquartered in Sweden and has a strong international presence. The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Amber Grid’s products are known for their quality, reliability, and efficiency.
Summary
SPIRE INC has been consistently offering attractive dividend yields in the past three years. In 2021, their dividend yield stood at 3.95%, followed by 3.99% in 2022 and 3.75% in 2023. The average dividend yield over the 2021-2023 period stands at 3.9%.
This makes it an attractive option for investors looking for stable returns. With consistent and reliable dividend payouts, SPIRE INC is an ideal choice for dividend investors who are looking for a steady, long-term income stream.
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