ST. LOUIS, Nov. 18, 2020 /PRNewswire/ -- The board of
directors of Spire Inc. (NYSE: SR) unanimously agreed to increase
the quarterly common stock dividend to $0.65 per share from $0.6225 per share. This full year $0.11 increase brings the annualized rate to
$2.60 per share.
"Spire's growing dividend ensures that our investors benefit
from another year of solid performance and its strong financial
position. The Board of Directors is confident in our Company's
growth strategy and plans going forward. Growing our dividend is an
integral part of how we deliver value to our shareholders and
maintain Spire's position as a compelling investment," said
Ed Glotzbach, chairman of the board
of Spire.
The dividend is payable on January 5,
2021, to shareholders of record on December 11, 2020. Spire has continuously paid a
cash dividend since 1946, with 2021 marking the Company's
18th 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 percent Series A Cumulative Redeemable
Perpetual Preferred Stock payable February
15, 2021, to holders of record on January 25, 2021.
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.