Business Context and Reporting Period
This Form 8-K filing by Spire Inc. (NYSE: SR) reports corporate actions taken on November 14, 2019. The company, incorporated in Missouri, operates as a regulated natural gas utility.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on dividend declarations.
- Common Stock Dividend: $0.6225 per share (quarterly).
- Preferred Stock Dividend: $0.36875 per depositary share (quarterly) on 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock.
- Annualized Common Dividend Rate: $2.49 per share.
Material Changes
The board declared a 5.1% increase in the quarterly common stock dividend, raising the annualized rate by $0.12 per share compared to the prior period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard dividend announcement.
Investor Verification Checklist
- Verify the record date for the common stock dividend: December 11, 2019.
- Verify the payment date for the common stock dividend: January 3, 2020.
- Verify the record date for the preferred stock dividend: January 24, 2020.
- Verify the payment date for the preferred stock dividend: February 15, 2020.
- Confirm the 5.1% dividend increase aligns with the company's historical payout policy.