Spire Inc.
SR22 yrs growthUtilities · Stock · quarterly payer
Forward Yield
4.05%
Annual Dividend
$3.30
Payout Ratio
65%
5-Yr Growth
4.8%
Ex-Date
Jun 11, 2026
Frequency
Quarterly
Summary
As of July 2026, Spire Inc. (SR) yields 4.05% ($3.30 per share annually), with a blended fair-value estimate of $126.61 — +56% upside, so it screens as undervalued. Dividend safety grade: A (90/100). 22 years of dividend growth.
Is SR a good dividend stock?
YesSpire Inc. (SR) pays a quarterly dividend yielding 4.05% ($3.30/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 22 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 4.05%
- Payout Ratio
- 65%
- Annual Dividend
- $3.30
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $4.8B
- P/E Ratio
- 16.4
- 5-Yr Total Return
- 22%
- 52-Week Range
- $71.24 – $95.31
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
SR Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+39%
5 Years
+22%
52-Week Range
$71.24 – $95.31
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Spire Inc. is $126.61 per share, versus a market price of $81.41. That implies 56% of upside — a margin of safety of about 36%.
Fair Value
$126.61
Current Price
$81.41
Upside
+56%
Margin of Safety
36%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 11.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 11.7% stage-1 growth, 2.5% terminal growth, $4.94 EPS, $3.30 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SR Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 11, 2026 | — | $0.8250 | regular |
| Mar 11, 2026 | — | $0.8250 | regular |
| Dec 11, 2025 | — | $0.8250 | regular |
| Sep 11, 2025 | — | $0.7850 | regular |
| Jun 11, 2025 | — | $0.7850 | regular |
| Mar 11, 2025 | — | $0.7850 | regular |
| Dec 11, 2024 | — | $0.7850 | regular |
| Sep 11, 2024 | — | $0.7550 | regular |
| Jun 11, 2024 | — | $0.7550 | regular |
| Mar 8, 2024 | — | $0.7550 | regular |
| Dec 8, 2023 | — | $0.7550 | regular |
| Sep 8, 2023 | — | $0.7200 | regular |
| Jun 9, 2023 | — | $0.7200 | regular |
| Mar 9, 2023 | — | $0.7200 | regular |
Income Calculator
At $3.30 / yr per share
