The board of directors of Spire Inc. announced on November 12, 2026, a unanimous decision to increase the company's annual common stock dividend to $3.46 per share from $3.30 per share, raising the quarterly rate to $0.865 per share.

Key Highlights

  • Annual dividend increase: The board unanimously agreed to raise the annual common stock dividend from $3.30 to $3.46 per share.
  • Per-share increase: The increase amounts to $0.16 per share, representing a 4.8% rise in the quarterly rate.
  • New quarterly rate: The quarterly dividend rate moves to $0.865 per share.
  • Payment date: The dividend is payable on January 5, 2027, to shareholders of record on December 11, 2026.
  • Consecutive increases: With this action, 2027 marks the company's 24th consecutive year of increasing its common stock dividend on an annualized basis.
  • Dividend history: Spire has continuously paid a cash dividend since 1946, according to the filing.

Spire Board Approves 24th Consecutive Annual Dividend Increase

The board of directors of Spire Inc. (NYSE:SR), a natural gas utility company serving close to 2 million homes and businesses across gas utilities in Alabama, Mississippi, Missouri, and Tennessee, unanimously approved the dividend increase. According to the filing, the company describes itself as "one of the largest publicly traded natural gas companies in the country," operating under a natural gas distribution business model focused on organic growth, infrastructure investment, and continuous operational improvement.

Rob Jones, Spire board chair, was quoted in the filing as stating: "This dividend increase reflects the board's confidence in Spire's disciplined growth strategy, financial strength and ability to create long-term value." The filing attributed the increase to the board's assessment of the company's strategic positioning and its capacity to generate returns for shareholders over the long term. The $0.16 per share annual increase brings the quarterly dividend rate from $0.825 to $0.865 per share, a change of 4.8% as stated in the disclosure.

The filing noted that Spire has paid a cash dividend continuously since 1946, with the forthcoming 2027 payment marking the 24th consecutive year of annualized common stock dividend increases. The record date for the upcoming payment is December 11, 2026, and the dividend is scheduled to be paid on January 5, 2027. Investor inquiries may be directed to Megan L. McPhail, and media inquiries to Jason Merrill, per contact information included in the announcement.

What Was Disclosed

Spire Inc.'s board of directors disclosed a unanimous decision to increase the annual common stock dividend to $3.46 per share from $3.30 per share, setting a quarterly rate of $0.865, payable January 5, 2027, to shareholders of record on December 11, 2026.