AVANGRID Declares Quarterly Dividend

Rhea-AI Summary

AVANGRID, Inc. (NYSE:AGR) has announced a quarterly dividend of $0.44 per share, payable on January 3, 2023, to shareholders of record by December 1, 2022. The company, a leader in sustainable energy, operates in 24 U.S. states and holds approximately $40 billion in assets. AVANGRID serves over 3.3 million customers through its utility and renewable energy businesses.

Positive

• Quarterly dividend of $0.44 per share enhances shareholder income.
• Operating in 24 U.S. states with significant assets ($40 billion).
• Recognized as one of the JUST 100 companies and among the World's Most Ethical Companies.

Negative

• None.

ORANGE, Conn.--(BUSINESS WIRE)-- Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable January 3, 2023 to shareholders of record at the close of business on December 1, 2022.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019006041/en/

Investors:

Alvaro Ortega

alvaro.ortega@avangrid.com

207.629.7412

Source: AVANGRID, Inc.

FAQ

What is AVANGRID's dividend for the fourth quarter of 2022?

AVANGRID declared a dividend of $0.44 per share for the fourth quarter of 2022.

When is AVANGRID's dividend payment date?

The dividend is payable on January 3, 2023.

What is the record date for AVANGRID's dividends?

The record date for shareholders is December 1, 2022.

How does AVANGRID's dividend impact shareholders?

The dividend increases shareholder income, reflecting the company's commitment to returning value to investors.