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

Rhea-AI Summary

Via Renewables has declared a quarterly cash dividend of $0.18125 per share for its Class A Common Stock, amounting to an annualized dividend of $0.725 per share. This dividend is set for payment on December 15, 2022 to shareholders of record as of December 1, 2022. Additionally, the company announced a dividend of $0.666071 per share on its 8.75% Series A Preferred Stock, to be paid on January 17, 2023 for those on record as of January 1, 2023.

Positive

• Declared quarterly cash dividend of $0.18125 per share for Class A Common Stock, enhancing shareholder income.
• Annualized dividend of $0.725 per share shows company confidence in financial stability.
• Dividend on Series A Preferred Stock reflects ongoing commitment to preferred shareholders.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / October 20, 2022 / 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 third 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 third quarter dividend will be paid on December 15, 2022 to holders of record of Via Renewables' Class A Common Stock on December 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 $0.666071 per share on the Series A Preferred Stock. The dividend will be paid on January 17, 2023 to holders of record of Via Renewables' Series A Preferred Stock on January 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/721488/Via-Renewables-Inc-Announces-Dividend-on-Common-and-Preferred-Stock

FAQ

What is the dividend amount for Class A Common Stock of Via Renewables?

The dividend amount for Class A Common Stock is $0.18125 per share.

When will Via Renewables pay its third quarter dividend?

The third quarter dividend will be paid on December 15, 2022.

What is the dividend payment date for Series A Preferred Stock?

The Series A Preferred Stock dividend will be paid on January 17, 2023.

Who qualifies for the dividend payments on Via Renewables stock?

Shareholders of record as of December 1, 2022, for Class A Common Stock, and January 1, 2023, for Series A Preferred Stock, qualify for the respective dividend payments.

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

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