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 December 15, 2022, to shareholders of record by November 18, 2022. The board of directors evaluates dividend levels regularly based on financial results, business strategies, and market conditions. Avista operates in energy production and distribution, serving 409,000 electric and 374,000 natural gas customers across a service area of 30,000 square miles.

Positive

• Quarterly dividend of $0.44 per share enhances shareholder value.
• Regular evaluation of dividends indicates financial health and strategic planning.

Negative

• None.

SPOKANE, Wash., Nov. 03, 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 December 15, 2022, to shareholders of record at the close of business on November 18, 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 409,000 customers and natural gas to 374,000 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
September 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 declared by Avista Corp. for December 2022?

Avista Corp. declared a quarterly dividend of $0.44 per share.

When will Avista Corp.'s dividend be paid?

The dividend will be paid on December 15, 2022.

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

The record date for the dividend is November 18, 2022.

How frequently does Avista Corp. declare dividends?

Avista Corp. evaluates and declares dividends on a quarterly basis.

How does Avista Corp. determine its dividend levels?

The board considers financial results, business strategies, and competitive conditions when determining dividend levels.