Vistra Board Increases 2021 Common Dividend 11%, Declares Dividend on Common Stock

Rhea-AI Summary

On February 23, 2021, Vistra (NYSE: VST) announced an increase in its quarterly dividend to $0.15 per share, reflecting an 11% increase from 2020. This puts the annualized dividend at $0.60, exceeding the company's target growth rate of 6-8%. The dividend is payable on March 31, 2021, with a record date of March 17, 2021, and an ex-dividend date of March 16, 2021.

Positive

• Quarterly dividend increased to $0.15 per share, an 11% rise from 2020.
• Annualized dividend now stands at $0.60 per share, exceeding target growth rate.

Negative

• None.

IRVING, Texas, Feb. 23, 2021 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its Board of Directors has declared a quarterly dividend of $0.15 per share of Vistra's common stock, or $0.60 per share on an annualized basis. This dividend represents an 11% increase from the company's quarterly common stock dividend paid in 2020, above management's target growth rate of 6-8%. The dividend is payable on March 31, 2021, to shareholders of record as of March 17, 2021. The ex-dividend date will be March 16, 2021.

Media
Meranda Cohn
214-875-8004
Media.Relations@vistracorp.com

Analysts
Molly Sorg
214-812-0046
Investor@vistracorp.com

About Vistra
Vistra (NYSE: VST) is a premier, integrated, Fortune 275 retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving approximately 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which is the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about Vistra's environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/

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SOURCE Vistra

FAQ

What is the new quarterly dividend amount for Vistra (VST)?

Vistra has declared a new quarterly dividend of $0.15 per share.

When is the dividend payable for Vistra (VST)?

The dividend is payable on March 31, 2021.

What is the ex-dividend date for Vistra's (VST) dividend?

The ex-dividend date is March 16, 2021.

How much has Vistra increased its dividend by in 2021?

Vistra has increased its dividend by 11% compared to 2020.