Avista Corp. Board Declares Common Stock Dividend

Rhea-AI Summary

Avista Corp. (NYSE: AVA) has announced a quarterly dividend of $0.44 per share, payable on June 15, 2022, to shareholders of record by May 27, 2022. The board of directors determines the dividend amount based on various factors, including financial performance and market conditions. Avista operates in energy production, transmission, and distribution, serving approximately 406,000 electric and 372,000 natural gas customers across eastern Washington, northern Idaho, and parts of Oregon, with a customer base totaling 1.7 million in its service areas.

Positive

• Quarterly dividend declared at $0.44 per share, indicating ongoing shareholder return.
• Stable customer base with over 778,000 customers in service areas, indicating strong market presence.

Negative

• None.

SPOKANE, Wash., May 12, 2022 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.44 per share on the company’s common stock. The common stock dividend is payable June 15, 2022, to shareholders of record at the close of business on May 27, 2022.

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 406,000 customers and natural gas to 372,000 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, 2021 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2022.

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: Stacey Wenz (509) 495-2046 stacey.wenz@avistacorp.com

FAQ

What is Avista Corp.'s dividend amount for Q2 2022?

Avista Corp. has declared a dividend of $0.44 per share for Q2 2022.

When is Avista Corp.'s dividend payment date?

The dividend payment date for Avista Corp. is June 15, 2022.

Who are the shareholders of record for Avista's dividend?

Shareholders of record are those holding shares at the close of business on May 27, 2022.

How often does Avista Corp. declare dividends?

Avista Corp. typically declares dividends quarterly, subject to board approval.

What factors does Avista consider for dividend declarations?

Avista considers financial results, business strategies, and economic conditions when declaring dividends.