Vistra Declares Dividend on Common Stock and Series A Preferred Stock

Rhea-AI Summary

Vistra has declared a third quarter dividend of $0.184 per share, totaling approximately $75 million for this quarter. The cumulative dividend for 2022 reaches $225 million, marking a 23% rise from Q3 2021. The common dividend is payable on Sept. 30, 2022, with an ex-dividend date of Sept. 20, 2022. Additionally, a semi-annual dividend of $40.00 per share for the Series A Preferred Stock will be paid on Oct. 17, 2022. This reflects strong shareholder returns amid Vistra’s robust operational strategy.

Positive

• Declared third quarter dividend of $0.184 per share.
• Approximately $225 million cumulative dividends in 2022.
• 23% increase in quarterly dividend compared to Q3 2021.
• Commitment to returning value to shareholders.

Negative

• None.

IRVING, Texas, July 28, 2022 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its board of directors has declared a third quarter dividend of $0.184 per share of Vistra's common stock, reflecting an aggregate payment of approximately $75 million this quarter, and together with the dividends paid in the first and second quarters, approximately $225 million cumulatively in 2022. This represents a ~23% increase in the company's quarterly common stock dividend per share from its third quarter 2021 dividend. The common dividend is payable on Sept. 30, 2022, to common stockholders of record as of Sept. 21, 2022. The ex-dividend date for the common dividend will be Sept. 20, 2022.

The board of directors also declared a semi-annual dividend on the company's 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The Series A dividend is $40.00 per preferred share, or $80.00 per share of Series A preferred stock on an annualized basis. The Series A dividend is payable on Oct. 17, 2022, to Series A preferred stockholders of record as of Oct. 1, 2022.

About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated 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. Serving approximately 4 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, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, 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 our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.

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SOURCE Vistra Corp.

FAQ

What is the dividend amount declared by Vistra for Q3 2022?

Vistra declared a dividend of $0.184 per share for Q3 2022.

When is the dividend for common stock paid?

The dividend is payable on September 30, 2022.

What is the total dividend payout for Vistra in 2022?

The total dividend payout for 2022 is approximately $225 million.

When is the ex-dividend date for Vistra's Q3 2022 dividend?

The ex-dividend date is September 20, 2022.

What is the dividend declared on Vistra's Series A Preferred Stock?

The Series A Preferred Stock has a dividend of $40.00 per share.

When will the Series A Preferred Stock dividend be paid?

The Series A dividend will be paid on October 17, 2022.