Avista Corp. Board Declares Common Stock Dividend

Rhea-AI Summary

Avista Corp.'s board of directors declared a quarterly dividend of $0.475 per share on the company's common stock. The dividend is payable on June 14, 2024, to shareholders of record on May 23, 2024. The board considers various factors in determining the dividend level.

SPOKANE, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.475 per share on the company’s common stock. The common stock dividend is payable June 14, 2024, to shareholders of record at the close of business on May 23, 2024.

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 418,000 customers and natural gas to 382,000 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, 2023, and the Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2024.

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Contact:
Avista 24/7 Media Line (509) 495-4174
Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.com   
Investors: Stacey Wenz (509) 495-2046 stacey.wenz@avistacorp.com

FAQ

When is Avista Corp.'s common stock dividend payable?

Avista Corp.'s common stock dividend is payable on June 14, 2024.

What is the amount of Avista Corp.'s quarterly dividend per share?

The quarterly dividend per share on Avista Corp.'s common stock is $0.475.

What factors does Avista Corp.'s board consider in determining the dividend level?

Avista Corp.'s board considers financial results, business strategies, economic conditions, and competitive factors in determining the dividend level.