Avista Corp. Board Declares Common Stock Dividend

Rhea-AI Summary

Avista Corp. (NYSE: AVA) has declared a quarterly dividend of $0.44 per share, payable on September 15, 2022, to shareholders of record by August 19, 2022. The board of directors assesses dividend levels regularly, considering financial results, business strategies, and economic conditions. Avista provides electric service to 406,000 customers and natural gas to 372,000 customers across a service area of 30,000 square miles in the Pacific Northwest.

Positive

• Quarterly dividend of $0.44 per share declared.
• Dividend payable on September 15, 2022.
• Strong service coverage with 406,000 electric and 372,000 gas customers.

Negative

• None.

SPOKANE, Wash., Aug. 04, 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 September 15, 2022, to shareholders of record at the close of business on August 19, 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
June 30, 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 the dividend amount and payment date for Avista Corp. (AVA)?

Avista Corp. has declared a quarterly dividend of $0.44 per share, payable on September 15, 2022.

Who is eligible for the Avista Corp. dividend?

Shareholders of record at the close of business on August 19, 2022, are eligible for the dividend.

How often does Avista Corp. pay dividends?

Avista Corp. typically pays dividends quarterly.

What factors does Avista Corp. consider when declaring dividends?

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