ST. LOUIS, Nov. 15, 2021 /PRNewswire/ -- The board of
directors of Spire Inc. (NYSE: SR) unanimously agreed to increase
the quarterly common stock dividend to $0.685 per share from $0.65 per share. This full year $0.14 per share increase brings the annualized
rate to $2.74, an increase of
5.4%.
"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 4,
2022, to shareholders of record on December 10, 2021. Spire has continuously paid a
cash dividend since 1946, with 2022 marking the Company's
19th 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, 2022, to holders of
record on January 25, 2022.
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 the fifth 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, Spire STL Pipeline and Spire Storage. 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.
Scott.Dudley@SpireEnergy.com
314-342-0878
Media Contact:
Jessica B. Willingham
Jessica.Willingham@SpireEnergy.com
314-342-3300
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SOURCE Spire Inc.