Spark Energy, Inc. Announces Dividend on Common and Preferred Stock

Rhea-AI Summary

Spark Energy, Inc. (NASDAQ:SPKE) announced a quarterly cash dividend of $0.18125 per share on its Class A Common Stock for Q1 2021, equating to an annualized dividend of $0.725. This dividend will be paid on June 15, 2021, to shareholders of record as of June 1, 2021. Additionally, a quarterly cash dividend of $0.546875 per share on the Series A Preferred Stock was declared, annualized at $2.1875, payable on July 15, 2021, to holders of record on July 1, 2021.

Positive

• Quarterly cash dividend of $0.18125 per share signifies stable financial performance.
• Annualized dividend of $0.725 showcases commitment to returning value to shareholders.
• Series A Preferred Stock dividend of $0.546875 per share indicates strong capital management.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / April 21, 2021 / Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the first quarter of 2021 in the amount of $0.18125 per share on its Class A Common Stock. This amount represents an annualized dividend of $0.725 per share. The first quarter dividend will be paid on June 15, 2021 to holders of record of Spark's Class A Common Stock on June 1, 2021.

Additionally, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") of the Company, the Board of Directors has declared a quarterly cash dividend in the amount of $0.546875 per share on the Series A Preferred Stock. This amount represents an annualized dividend of $2.1875 per share. The dividend will be paid on July 15, 2021 to holders of record of Spark's Series A Preferred Stock on July 1, 2021.

About Spark Energy, Inc.

Spark Energy, Inc. is an independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 100 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.

We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Spark Energy Investor Relations website at ir.sparkenergy.com. Investors are urged to monitor our website regularly for information and updates about the Company.

Contact: Spark Energy, Inc.

Investors:

Mike Barajas, 832-200-3727

Media:

Kira Jordan, 832-255-7302

SOURCE: Spark Energy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/641669/Spark-Energy-Inc-Announces-Dividend-on-Common-and-Preferred-Stock

FAQ

What is the dividend amount for Spark Energy's Class A Common Stock?

The dividend amount for Spark Energy's Class A Common Stock is $0.18125 per share.

When will Spark Energy pay the Q1 2021 dividend?

The Q1 2021 dividend will be paid on June 15, 2021.

What is the annualized dividend for Spark Energy's Common Stock?

The annualized dividend for Spark Energy's Common Stock is $0.725 per share.

What is the dividend for Spark Energy's Series A Preferred Stock?

The dividend for Spark Energy's Series A Preferred Stock is $0.546875 per share.

When will the Series A Preferred Stock dividend be paid?

The Series A Preferred Stock dividend will be paid on July 15, 2021.

What is the annualized dividend amount for Spark Energy's Series A Preferred Stock?

The annualized dividend amount for Spark Energy's Series A Preferred Stock is $2.1875 per share.