Spire: Higher Leverage Than Peers, Which Could Pose A Risk
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Spire Inc., a regulated natural gas utility, offers a 4.71% dividend yield, appealing to income-focused investors. Despite a 2.75% YoY revenue decline, its operating income grew by 16.44% due to lower natural gas prices. Spire plans a $3.5 billion capital spending program from 2025 to 2029, targeting 5%-7% annual earnings growth.
December 24, 2024 | 5:00 pm
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Spire Inc. offers a high dividend yield of 4.71%, appealing to income investors. Despite a revenue decline, operating income increased due to lower gas prices. The company plans significant capital spending to drive future earnings growth.
Spire's high dividend yield is attractive to income investors. The increase in operating income despite revenue decline shows financial stability. The planned capital spending program indicates a commitment to future growth, which is positive for the stock.
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