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Spire Inc | 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (SR.PRA)
Prospectus excerpt: Spire Inc. is offering 10,000,000 of its depositary shares (the ėDepositary Sharesî), each representing a 1/1,000th interest in a share of our 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share, with a $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share) (the ėSeries A Preferred Stockî), deposited with Computershare Inc. and Computershare Trust Company, N.A., acting jointly, as depositary (the ėDepositaryî). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you will be entitled to a proportional fractional interest in all rights and preferences of the Series A Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary. Dividends on the Series A Preferred Stock, when, as and if declared by our board of directors (the ėBoardî) or any duly authorized committee of the Board, will be payable on the liquidation preference amount, on a cumulative basis, quarterly in arrears on the 15th day of February, May, August and November of each year, commencing on August 15, 2019. Dividends will be payable out of amounts legally available for the payment of dividends at an annual rate equal to 5.90% of the $25,000 liquidation preference per share of Series A Preferred Stock (equivalent to $25.00 per Depositary Share). Dividends on the Series A Preferred Stock will accumulate daily and be cumulative from, and including, the date of original issuance of the Series A Preferred Stock. Full Prospectus PDF », Secondary Prospectus PDF », SR Page »
Series: | A | Alternate symbology: | SR-A, SR-PA, SRprA | Redeemable?: | Yes | Call Date: | 8/15/2024 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 10,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $24.21 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.79 (-3.16%) | Annualized Dividend: | 1.475 | Recent Ex-Date: | 4/24/2024 | Current Yield: | 6.09% | Original Coupon: | 5.90% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
Learn SR.PRA's Rating
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Spire is the holding company for Spire Missouri Inc. (Spire Missouri), Spire Alabama Inc. (Spire Alabama), other gas utilities, and gas-related businesses. Co. has two primary business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes: Spire Missouri, which is a public utility engaged in the purchase, retail distribution and sale of natural gas, with offices located in Missouri; and Spire Alabama, which is a public utility engaged in the purchase, retail distribution and sale of natural gas principally in central and northern Alabama. The Gas Marketing segment includes Co.'s wholly owned subsidiary, Spire Marketing Inc., which provides natural gas marketing services. Preferred: SR.PRA Open the SR Information Page »
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Name: |
Spire Inc |
Website: |
www.SpireEnergy.com |
Sector: |
Gas Utilities |
Number of ETFs Holding SR: |
67 (see which ones) |
Total Market Value Held by ETFs: |
$799,428,568.36 |
Total Market Capitalization: |
$3,197,000,000 |
% of Market Cap. Held by ETFs: |
25.01% |
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