Avista Corp. Board Declares Common Stock Dividend

Rhea-AI Summary

On May 11, 2021, Avista Corp. (NYSE: AVA) announced a quarterly dividend of $0.4225 per share on its common stock. This dividend is payable on June 15, 2021, to shareholders of record by the close of business on May 27, 2021. The board of directors will continue to evaluate dividend levels based on various factors, including financial results and economic conditions, demonstrating Avista's commitment to returning value to its shareholders.

Positive

• Quarterly dividend declared at $0.4225 per share, enhancing shareholder returns.
• Dividend payment date set for June 15, 2021, ensuring timely distributions.

Negative

• None.

SPOKANE, Wash., May 11, 2021 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.4225 per share on the company’s common stock. The common stock dividend is payable June 15, 2021, to shareholders of record at the close of business on May 27, 2021.

The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account numerous factors, including financial results, business strategies, and economic and competitive conditions.

About Avista Corp.

Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is the operating division that provides electric service to 400,000 customers and natural gas to 367,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA."  For more information about Avista, please visit www.avistacorp.com.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2020 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.

To unsubscribe from Avista’s news release distribution, send reply message to lena.funston@avistacorp.com

Contact:        
Avista 24/7 Media Line (509) 495-4174
Media: Laurine Jue (509) 495-2510 laurine.jue@avistacorp.com  
Investors: John Wilcox (509) 495-4171 john.wilcox@avistacorp.com

FAQ

What is the dividend amount for Avista Corp. (AVA) in 2021?

Avista Corp. declared a quarterly dividend of $0.4225 per share.

When is the dividend payment date for Avista Corp. (AVA)?

The dividend is payable on June 15, 2021.

Who is eligible to receive the dividend from Avista Corp. (AVA)?

Shareholders of record at the close of business on May 27, 2021, are eligible.