Spire Inc.SR

Where SR's Payout Ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$82.68-0.65 (-0.78%)Previous close
NYSEUtilities

SR Payout Ratio: current value, 10-year range and year-by-year history

Payout Ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
SR Payout Ratio historySR Payout Ratio from Mar 2024 to Dec 2024: low 296.06%, high 628.45%, latest 628.45%.269.47%365.86%462.26%558.65%655.04%Mar 24Jun 24Sep 24Dec 24med 313.72%

SR Payout Ratio by year

Yearly range of SR’s payout ratio from 2016 to 2024. Over the full period it ranged from 255.9% to 2,156.1%, averaging 665.2%.

SR Payout Ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
2024296.1%394.8%628.5%628.5%
20182,156.1%2,156.1%2,156.1%2,156.1%
2016255.9%255.9%255.9%255.9%

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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.

FormulaTTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%
Full guide
How to read this chart

A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.

Key caveats
  • FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
  • Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
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