Spire Inc Preferred Stock Yield Surpasses 6% in Trading

Spire Inc's preferred stock is yielding above 6%, raising interest among investors. The stock's performance reflects a lower discount compared to industry averages.

Date: 29-01-2025

AI Rating: 6

Yield Analysis: In Wednesday's trading, Spire Inc's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (SR.PRA) showed a yield exceeding the 6% threshold, based on its quarterly dividend of $1.475. This positive yield will likely attract dividend-focused investors who are seeking solid income returns.

This yield compares unfavorably with the average in the "Utilities" preferred stock category, which stands at 6.71%. Hence, while the yield is good, it could signal that SR.PRA is slightly lagging its peers, albeit it is not the least favorable option in the market.

The stock's trading at a 1.20% discount to its liquidation preference amount indicates confidence, substantially below the "Utilities" category's average discount of 17.99%. This could suggest a level of stability, making SR.PRA a more appealing investment choice in a shaky market. However, an ongoing .5% decrease in the stock price could concern some investors regarding its short-term outlook.

Stocks: SR