Spire Inc.
SR22 yrs growthUtilities · Utilities - Regulated Gas · Stock · quarterly payer
Forward Yield
4.02%
Annual Dividend
$3.30
Payout Ratio
72%
5-Yr Growth
4.8%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Key facts about SR's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Spire Inc. (SR) has a forward dividend yield of 4.02%, based on an annual dividend of $3.30 per share and a share price of $82.03.
- As of Oct 18, 2026, SR's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Spire Inc. (SR) has raised its dividend for 22 consecutive years as of Oct 18, 2026.
- SR has never cut its regular dividend in the payment history SmarterDividends has on record.
- SR's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.83 per share.
- As of Oct 18, 2026, SR pays out 72% of its trailing 12-month earnings as dividends (its payout ratio).
- SR's dividend has grown at an average rate of 4.8% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SR is $92.62 per share, 13% above the $82.03 share price, so SR screens as fairly valued.
- Spire Inc. (SR) pays its dividend quarterly, 4 times a year.
- Spire Inc. (SR) has raised its regular dividend 33 times and cut it 0 times across the 160 payments on record since 1973. Its most recent change was a 5.1% increase to $0.825 per share, going ex-dividend on Dec 11, 2025.
Cite this page
SmarterDividends, "SR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SR
Summary
As of Oct 18, 2026, Spire Inc. (SR) yields 4.02% ($3.30 a year per share), has a dividend safety grade of A (88/100) and has 22 consecutive years of dividend increases on record.
Is SR a good dividend stock?
YesSpire Inc. (SR) pays a quarterly dividend yielding 4.02% ($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
- 4.02%
- Payout Ratio
- 72%
- Annual Dividend
- $3.30
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 22
- Frequency
- quarterly
- Beta
- 0.54
- Market Cap
- $4.8B
- P/E Ratio
- 23.8
- 5-Yr Total Return
- 37%
- 52-Week Range
- $74.84 – $95.31
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
SR dividend raises and cuts
Spire Inc. (SR) has raised its regular dividend 33 times and cut it 0 times across the 160 payments on record since 1973. Its most recent change was a 5.1% increase to $0.825 per share, going ex-dividend on Dec 11, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 11, 2025 | Raise | $0.785 → $0.825 | +5.1% |
| Dec 11, 2024 | Raise | $0.755 → $0.785 | +4.0% |
| Dec 8, 2023 | Raise | $0.720 → $0.755 | +4.9% |
| Dec 9, 2022 | Raise | $0.685 → $0.720 | +5.1% |
| Dec 9, 2021 | Raise | $0.650 → $0.685 | +5.4% |
| Dec 10, 2020 | Raise | $0.623 → $0.650 | +4.3% |
| Dec 10, 2019 | Raise | $0.593 → $0.623 | +5.1% |
| Dec 10, 2018 | Raise | $0.563 → $0.593 | +5.3% |
| Dec 8, 2017 | Raise | $0.525 → $0.563 | +7.2% |
| Dec 8, 2016 | Raise | $0.490 → $0.525 | +7.1% |
| Dec 9, 2015 | Raise | $0.460 → $0.490 | +6.5% |
| Dec 9, 2014 | Raise | $0.440 → $0.460 | +4.5% |
Show all 33 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 9, 2013 | Raise | $0.425 → $0.440 | +3.5% |
| Dec 7, 2012 | Raise | $0.415 → $0.425 | +2.4% |
| Dec 8, 2011 | Raise | $0.405 → $0.415 | +2.5% |
| Dec 8, 2010 | Raise | $0.395 → $0.405 | +2.5% |
| Dec 9, 2009 | Raise | $0.385 → $0.395 | +2.6% |
| Dec 9, 2008 | Raise | $0.375 → $0.385 | +2.7% |
| Dec 7, 2007 | Raise | $0.365 → $0.375 | +2.7% |
| Dec 7, 2006 | Raise | $0.355 → $0.365 | +2.8% |
| Mar 8, 2006 | Raise | $0.345 → $0.355 | +2.9% |
| Mar 9, 2005 | Raise | $0.340 → $0.345 | +1.5% |
| Mar 9, 2004 | Raise | $0.335 → $0.340 | +1.5% |
| Dec 9, 1998 | Raise | $0.330 → $0.335 | +1.5% |
| Dec 9, 1997 | Raise | $0.325 → $0.330 | +1.5% |
| Dec 9, 1996 | Raise | $0.315 → $0.325 | +3.2% |
| Dec 7, 1995 | Raise | $0.310 → $0.315 | +1.6% |
| Dec 6, 1994 | Raise | $0.305 → $0.310 | +1.6% |
| Mar 5, 1993 | Raise | $0.300 → $0.305 | +1.7% |
| Dec 5, 1990 | Raise | $0.295 → $0.300 | +1.7% |
| Dec 5, 1989 | Raise | $0.288 → $0.295 | +2.6% |
| Dec 6, 1988 | Raise | $0.275 → $0.288 | +4.5% |
| Dec 7, 1987 | Raise | $0.263 → $0.275 | +4.8% |
Frequently Asked Questions
Is SR a good dividend stock?
Yes. Spire Inc. (SR) pays a quarterly dividend yielding 4.02% ($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.
Is SR undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SR's fair value is about $92.62 versus a $82.03 share price — so it looks fairly valued (+13% vs. fair value).
Is SR's dividend safe?
SR has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SR's fair value?
Our blended fair-value estimate for SR is about $92.62 per share, roughly 13% above the current $82.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SR a buy, hold, or sell?
We don't issue formal ratings, but on the data SR screens as "yes" and fairly valued. Spire Inc. (SR) pays a quarterly dividend yielding 4.02% ($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. This is research for your own analysis, not investment advice.
Will SR cut its dividend?
SR earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SR pay a dividend?
Yes. Spire Inc. pays a quarterly dividend of about $3.30 per share annually, a forward yield of roughly 4.02%.
What is SR's dividend yield?
As of Oct 18, 2026, SR's forward dividend yield is 4.02%, based on a $3.30 annual dividend and a $82.03 share price.
What is SR's dividend per share?
As of Oct 18, 2026, SR pays $3.30 per share per year, distributed on a quarterly basis.
What is SR's dividend payout ratio?
As of Oct 18, 2026, SR's payout ratio is 72% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has SR grown its dividend?
As of Oct 18, 2026, SR has increased its dividend for 22 consecutive years.
When is the next SR ex-dividend date?
As of Oct 18, 2026, SR's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.83 per share.
SR Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+34%
5 Years
+37%
52-Week Range
$74.84 – $95.31
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SR worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Spire Inc. is $92.62 per share, versus a market price of $82.03. That implies the stock is roughly fairly priced.
Fair Value
$92.62
Current Price
$82.03
Gap
+13%
Margin of Safety
11%
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 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $3.45 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
Full SR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Oct 2, 2026 | $0.8250 | regular |
| Jun 11, 2026 | Jul 2, 2026 | $0.8250 | regular |
| Mar 11, 2026 | Apr 2, 2026 | $0.8250 | regular |
| Dec 11, 2025 | Jan 5, 2026 | $0.8250 | regular |
| Sep 11, 2025 | Oct 2, 2025 | $0.7850 | regular |
| Jun 11, 2025 | Jul 2, 2025 | $0.7850 | regular |
| Mar 11, 2025 | Apr 2, 2025 | $0.7850 | regular |
| Dec 11, 2024 | Jan 3, 2025 | $0.7850 | regular |
| Sep 11, 2024 | Oct 2, 2024 | $0.7550 | regular |
| Jun 11, 2024 | Jul 2, 2024 | $0.7550 | regular |
| Mar 8, 2024 | Apr 2, 2024 | $0.7550 | regular |
| Dec 8, 2023 | Jan 3, 2024 | $0.7550 | regular |
| Sep 8, 2023 | Oct 3, 2023 | $0.7200 | regular |
| Jun 9, 2023 | Jul 5, 2023 | $0.7200 | regular |
Income Calculator
At $3.30 / yr per share
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