Spire Inc dividend yield calculator – SPIRE INC to Increase Dividend by $0.755 Per Share

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SPIRE INC ($NYSE:SR), a leading energy company with operations throughout the United States, recently announced that they will be increasing their dividend this year by $0.755 per share. This is higher than the dividend offered last year, and will be paid out on a quarterly basis to their shareholders. This news is sure to be met with enthusiasm by those who have invested in the company’s stock, as it illustrates the company’s commitment to rewarding their shareholders. SPIRE INC is a leading provider of natural gas and energy services operating in the United States. It is one of the largest publicly traded energy companies in the country, and has built a reputation for reliability and innovation within the industry.

The company owns and maintains an extensive infrastructure network of pipelines and storage facilities, and also provides energy and energy-related services to both residential and commercial customers. This announcement of an increase in dividend stands as testament to SPIRE’s financial strength as well as its commitment to shareholders. The company is clearly dedicated to growing its dividend year-over-year, which makes investing in SPIRE an attractive option for investors looking to benefit from a reliable source of income. With this announcement, SPIRE is sure to continue to solidify its place as a leader in the energy industry.

Dividends – Spire Inc dividend yield calculator

This is the first increase in its annual dividend since the last three years, when SPIRE INC issued 2.88 USD annually per share. The dividend yields from 2023 to 2023 are 4.22%, 4.22%, and 4.22% respectively, with an average dividend yield of 4.22%. For those keen on dividend stocks, SPIRE INC could be an attractive option.

With the increase in its dividend, investors can expect a higher return from their investment in the company. With a consistent dividend yield over the past few years, SPIRE INC appears to be a reliable option for those looking for a steady income stream.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Spire Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Spire Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Spire Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Spire Inc are shown below. More…

Market Price

This news came as the stock opened at $61.1 and closed at $61.0, down by 0.7% from previous closing price of 61.4. The company has been able to maintain consistent growth and profits through its innovative approach to energy production and delivery. The increase in the dividend reflects the company’s commitment to rewarding its shareholders and is expected to be a positive move for the long-term prospects of the company. Live Quote…

Analysis

GoodWhale has conducted an analysis of SPIRE INC‘s fundamental performance. According to our Star Chart rating system, SPIRE INC is strong in asset, dividend, and growth, and has a medium rating in profitability. We have assigned SPIRE INC an intermediate health score of 4 out of 10 with regard to its cashflows and debt, indicating it may be able to safely ride out any crisis without the risk of bankruptcy. This type of company may be of interest to investors who are looking for an opportunity for long-term capital gains but are able to tolerate greater risk. Those investors who have a longer time horizon may be particularly interested in SPIRE INC, given its potential for high earnings growth. Additionally, those investors who are interested in a relatively stable dividend income may find SPIRE INC attractive given its strong dividend performance. 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

Investors interested in SPIRE INC should be pleased with the company’s announcement that it will pay a larger dividend than last year. The dividend rate has been set at $0.755 per share, and is expected to be paid on an annual basis. Analysts suggest that SPIRE INC is in good financial health, which bodes well for future returns. They point to its strong balance sheet, high cash balances, and low debt levels as indicators of a sound financial position.

Investors should also consider the company’s expected growth in revenues and profitability, which is fueled by its successful acquisition strategies. Moreover, the company’s management has demonstrated the ability to maintain a consistent dividend payout, providing investors with reliable income. With all these factors in mind, SPIRE INC appears to offer a promising opportunity for long-term investment.