Via Renewables, Inc. Announces Dividend on Common and Preferred Stock

Rhea-AI Summary

Via Renewables has announced a quarterly cash dividend of $0.18125 per share for its Class A Common Stock, equating to an annualized dividend of $0.725. This dividend will be distributed on June 15, 2022, to shareholders on record as of June 1, 2022. Additionally, a dividend of $0.476393 per share has been declared for the Series A Preferred Stock, payable on July 15, 2022, to holders on record by July 1, 2022. Via Renewables operates across 19 states in the U.S., serving 101 utility territories.

Positive

• Quarterly cash dividend of $0.18125 on Class A Common Stock indicates strong cash flow.
• Annualized dividend of $0.725 reflects commitment to shareholder returns.
• Preferred Stock dividend of $0.476393 shows financial stability.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / April 21, 2022 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA;VIASP), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the first quarter of 2022 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, 2022 to holders of record of Via Renewables' Class A Common Stock on June 1, 2022.

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 $0.476393 per share on the Series A Preferred Stock. The dividend will be paid on July 15, 2022 to holders of record of Via Renewables' Series A Preferred Stock on July 1, 2022. The floating rate period for the Series A Preferred Stock began on April 15, 2022.

About Via Renewables, Inc.

Via Renewables, 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 under our well-established and well-regarded brands, including Spark Energy, Major Energy, Provider Power, and Verde Energy. Headquartered in Houston, Texas, Via Renewables currently operates in 19 states and serves 101 utility territories. Via Renewables 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 Via Renewables Investor Relations website at ViaRenewables.com. Investors are urged to monitor our website regularly for information and updates about the Company.

Contact:
Via Renewables, Inc.
Investors:
Mike Barajas, 832-200-3727
Media:
Kira Jordan, 832-255-7302

SOURCE: Via Renewables, Inc.

View source version on accesswire.com:
https://www.accesswire.com/698399/Via-Renewables-Inc-Announces-Dividend-on-Common-and-Preferred-Stock

FAQ

What is the dividend amount declared by Via Renewables for Q1 2022?

Via Renewables declared a quarterly cash dividend of $0.18125 per share for Class A Common Stock.

When will Via Renewables pay the dividend for Class A Common Stock?

The dividend for Class A Common Stock will be paid on June 15, 2022.

What is the annualized dividend for Via Renewables?

The annualized dividend for Via Renewables is $0.725 per share.

What is the dividend for Series A Preferred Stock?

The dividend for Series A Preferred Stock is $0.476393 per share.

When will the dividend for Series A Preferred Stock be paid?

The dividend for Series A Preferred Stock will be paid on July 15, 2022.