Avista Corp. Board Declares Common Stock Dividend

Rhea-AI Summary

Avista Corp. (NYSE: AVA) has announced a quarterly dividend of $0.405 per share, payable on December 15, 2020, to shareholders on record by the end of business on December 3, 2020.

The board assesses dividends based on various factors, including financial performance and market conditions. Avista operates in energy production and distribution, serving approximately 397,000 electric and 363,000 natural gas customers across a 30,000 square mile territory.

Positive

• Declared quarterly dividend of $0.405 per share.
• Stable customer base with 397,000 electric and 363,000 natural gas customers.

Negative

• None.

SPOKANE, Wash., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.405 per share on the company’s common stock. The common stock dividend is payable Dec. 15, 2020, to shareholders of record at the close of business on Dec. 3, 2020.

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 397,000 customers and natural gas to 363,000 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, 2019 and the Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2020.

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 declared by Avista Corp.?

Avista Corp. declared a quarterly dividend of $0.405 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on December 15, 2020.

What is the record date for Avista Corp.'s dividend?

The record date for the dividend is December 3, 2020.

How does the board decide on the dividend amount for Avista Corp.?

The board considers factors such as financial results, business strategies, and competitive conditions.

What are the main services provided by Avista Corp.?

Avista Corp. is involved in energy production, transmission, and distribution, serving a wide customer base in the Northwest.