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

Rhea-AI Summary

Via Renewables (NASDAQ:VIA, VIASP) has announced a quarterly cash dividend of $0.18125 per share on its Class A Common Stock for Q4 2022, translating to an annualized dividend of $0.725 per share. This payment is scheduled for March 15, 2023, to shareholders on record by March 1, 2023. Additionally, a dividend of $0.71298 per share on the Series A Preferred Stock will be distributed on April 17, 2023, to holders of record by April 1, 2023. Via Renewables operates in 19 states, providing customers with various energy options and contributing to sustainable practices.

Positive

• Quarterly cash dividend of $0.18125 per share announced for Class A Common Stock.
• Annualized dividend of $0.725 per share signals consistent income for shareholders.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / January 18, 2023 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the fourth 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 fourth quarter dividend will be paid on March 15, 2023 to holders of record of Via Renewables' Class A Common Stock on March 1, 2023.

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 $0.71298 per share on the Series A Preferred Stock. The dividend will be paid on April 17, 2023 to holders of record of Via Renewables' Series A Preferred Stock on April 1, 2023. 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 102 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:
Stephen Rabalais, 832-200-3727

Media:
Kira Jordan, 832-255-7302

SOURCE: Via Renewables, Inc.

View source version on accesswire.com:
https://www.accesswire.com/735851/Via-Renewables-Inc-Announces-Dividend-on-Common-and-Preferred-Stock

FAQ

What is the dividend amount declared by Via Renewables for Q4 2022?

Via Renewables declared a dividend of $0.18125 per share for Q4 2022.

When will the dividend for the Class A Common Stock be paid?

The dividend will be paid on March 15, 2023, to holders of record on March 1, 2023.

What is the annualized dividend for Via Renewables' Class A Common Stock?

The annualized dividend for the Class A Common Stock is $0.725 per share.

When is the dividend for the Series A Preferred Stock going to be paid?

The dividend for the Series A Preferred Stock will be paid on April 17, 2023.

What is the declared dividend amount for the Series A Preferred Stock?

The declared dividend for the Series A Preferred Stock is $0.71298 per share.