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

Rhea-AI Summary

Spark Energy has declared a quarterly cash dividend of $0.18125 per share for its Class A Common Stock, reflecting an annualized dividend of $0.725. This dividend will be paid on September 15, 2021 to those holding shares as of September 1, 2021. Additionally, a quarterly cash dividend of $0.546875 per share has been declared for its Series A Preferred Stock, with an annualized total of $2.1875 per share, payable on October 15, 2021 to shareholders on record as of October 1, 2021.

Positive

• Quarterly dividend of $0.18125 confirms strong cash flow.
• Annualized dividend of $0.725 enhances shareholder returns.
• Preferred stock dividend of $0.546875 indicates stable financing.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / July 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 second 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 second quarter dividend will be paid on September 15, 2021 to holders of record of Spark's Class A Common Stock on September 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 October 15, 2021 to holders of record of Spark's Series A Preferred Stock on October 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/656524/Spark-Energy-Inc-Announces-Dividend-on-Common-and-Preferred-Stock

FAQ

What is the dividend amount declared by Spark Energy for Q2 2021?

The dividend amount declared for Q2 2021 is $0.18125 per share on Class A Common Stock.

When will Spark Energy's Q2 2021 dividend be paid?

The Q2 2021 dividend will be paid on September 15, 2021.

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

The annualized dividend for the Series A Preferred Stock is $2.1875 per share.

When is Spark Energy's Series A Preferred Stock dividend payment date?

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