Spire Inc Stock Offers Solid Dividend Yield Above 4%
On Wednesday, shares of Spire Inc (Symbol: SR) were trading at $78.27, offering a quarterly dividend yield exceeding 4%, annualized to $3.14. For investors, dividends play a crucial role, as historically, they have contributed significantly to the total return of the stock market. For example, if you had purchased shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, at $78.27 per share, the value would have dropped to $77.79 by May 31, 2012, reflecting a loss of $0.48 or a 0.6% decrease over twelve years. However, the dividends collected during this period amounted to $10.77 per share, effectively raising your total return to 13.15%. Even with dividends reinvested, this provides only a 1.0% average annual total return. Therefore, a sustainable yield above 4% appears particularly attractive in this context. Notably, Spire Inc is part of the Russell 3000, highlighting its position among the largest 3,000 companies in the U.S. stock market.
Dividend amounts are inherently unpredictable, closely aligned with the profitability of each company. To understand the sustainability of Spire Inc’s dividend, it is beneficial to examine the history chart for SR, which can offer insights into whether the latest payout is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
