Avista Corp. Board Increases Common Stock Dividend

Rhea-AI Summary

Avista Corp. (NYSE: AVA) has declared a quarterly dividend of $0.44 per share, representing a 4.1% increase from the previous dividend. This marks the 20th consecutive year of dividend growth, emphasizing the board's commitment to enhancing shareholder value. The dividend is payable on March 15, 2022, to shareholders recorded by the close of business on February 18, 2022. The annualized dividend stands at $1.76.

Positive

• Quarterly dividend increased by 4.1% to $0.44 per share.
• 20 consecutive years of dividend growth demonstrates commitment to shareholder value.

Negative

• None.

SPOKANE, Wash., Feb. 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, an increase of $0.0175 per share (4.1 percent), yielding an annualized dividend of $1.76. The common stock dividend is payable March 15, 2022, to shareholders of record at the close of business on Feb. 18, 2022.

“The dividend increase approved by the board of directors marks the twentieth consecutive year the board has raised the dividend for our shareholders. I believe it demonstrates the board’s commitment to maximizing shareholder value,” said Avista President and Chief Executive Officer Dennis Vermillion.

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 403,000 customers and natural gas to 369,000 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, 2020 and the Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2021.

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 new dividend amount for Avista Corp (AVA)?

The new dividend amount is $0.44 per share.

When will Avista Corp's (AVA) dividend be paid?

The dividend will be paid on March 15, 2022.

What is the annualized dividend for Avista Corp (AVA)?

The annualized dividend is $1.76.

How long has Avista Corp (AVA) been increasing its dividends?

Avista Corp has increased its dividends for 20 consecutive years.

What is the record date for Avista Corp's (AVA) dividend?

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