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

Rhea-AI Summary

Spark Energy, Inc. has announced a quarterly cash dividend of $0.18125 per share on its Class A Common Stock, amounting to an annualized dividend of $0.725. This dividend will be paid on March 15, 2021, to shareholders recorded as of March 1, 2021. Additionally, a dividend of $0.546875 per share has been declared on the 8.75% Series A Preferred Stock, translating to an annualized dividend of $2.1875, payable on April 15, 2021, to holders on record by April 1, 2021.

Positive

• Quarterly cash dividend of $0.18125 per share on Class A Common Stock announced.
• Annualized dividend for Class A Common Stock is $0.725 per share.
• Quarterly cash dividend of $0.546875 per share on Series A Preferred Stock announced.
• Annualized dividend for Series A Preferred Stock is $2.1875 per share.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / January 21, 2021 / Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE)(FSE:SLE), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the fourth quarter of 2020 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 fourth quarter dividend will be paid on March 15, 2021 to holders of record of Spark's Class A Common Stock on March 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 April 15, 2021 to holders of record of Spark's Series A Preferred Stock on April 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.

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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 its fourth quarter dividend?

The fourth quarter dividend will be paid on March 15, 2021.

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

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

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

The dividend amount 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 April 15, 2021.

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

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