Spire (SR) Dividend Payout Ratio : 0.50 (As of Dec. 2023)

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What is Spire Dividend Payout Ratio?

Spire's dividend payout ratio for the months ended in Dec. 2023 was 0.50.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Spire Inc is 0.80, which seems too high.

The historical rank and industry rank for Spire's Dividend Payout Ratio or its related term are showing as below:

SR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.6 Max: 0.8
Current: 0.8

During the past 13 years, the highest Dividend Payout Ratio of Spire was 0.80. The lowest was 0.54. And the median was 0.60.

SR's Dividend Payout Ratio is ranked worse than
77.87% of 366 companies
in the Utilities - Regulated industry
Industry Median: 0.52 vs SR: 0.80

As of today (2024-04-28), the Dividend Yield % of Spire is 4.80%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Spire was 5.26%. The lowest was 2.57%. And the median was 3.47%.

Spire's Dividends per Share for the months ended in Dec. 2023 was $0.76.

During the past 12 months, Spire's average Dividends Per Share Growth Rate was 5.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Spire was 9.00% per year. The lowest was 0.40% per year. And the median was 2.65% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Spire Dividend Payout Ratio Historical Data

The historical data trend for Spire's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spire Dividend Payout Ratio Chart

Spire Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

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0.64

0.66

0.54

0.71

0.75

Spire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.47	0.22	-	-	0.50

Competitive Comparison of Spire's Dividend Payout Ratio

For the Utilities - Regulated Gas subindustry, Spire's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Spire's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Spire's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Spire's Dividend Payout Ratio falls into.

Spire Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Spire's Dividend Payout Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	2.88	/	3.85
	=	0.75

Spire's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.755	/	1.52
	=	0.50

Spire (NYSE:SR) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Spire Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Spire's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Spire (SR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Spire Inc (NYSE:SR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

SRCU:USA SRpA.PFD:USA LGR:Germany

Address

700 Market Street, Saint Louis, MO, USA, 63101

Website

https://www.spireenergy.com

Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.

Executives

Paul D Koonce	director	P O BOX 26532, RICHMOND VA 23261
Adam W. Woodard	officer: Treasurer	700 MARKET STREET, ST. LOUIS MO 63101
Steven P Rasche	officer: Executive Vice President	700 MARKET STREET, ST. LOUIS MO 63101
Stephen M Mills	officer: Senior Vice President	700 MARKET STREET, ST. LOUIS MO 63101
Vincent J Ferrari	director	12555 MANCHESTER ROAD, DES PERES MO 63131
Brenda D Newberry	director	700 MARKET STREET, ST. LOUIS MO 63101
Carrie J Hightman	director	C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Stupp John P Jr	director	STUPP JOHN P JR, #18 ST. ANDREWS DR., ST LOUIS MO 63124
Joseph B. Hampton	officer: President, AL & MS	700 MARKET STREET, ST. LOUIS MO 63101
Scott B. Carter	officer: SVP, COO of Distribution Ops	700 MARKET STREET, ST. LOUIS MO 63101
Stephen S Schwartz	director	46897 BAYSIDE PARKWAY, FREMONT CA 94538
Rob L. Jones	director	555 EAST AIRTEX DRIVE, HOUSTON TX 77073
Edward L Glotzbach	director	C/O VISUAL NETWORKS INC, 2092 GAITHER ROAD, ROCKVILLE MD 20850
Mark A Borer	director
Van Lokeren Mary Ann	director