Vistra Declares Dividend on Common Stock and Series A Preferred Stock

Rhea-AI Summary

On February 23, 2023, Vistra (NYSE: VST) announced a quarterly dividend of $0.1975 per share, totaling approximately $75 million for this quarter. This marks a 16% increase compared to the previous year's first quarter dividend. The dividend will be paid on March 31, 2023, to stockholders of record as of March 22, 2023, with an ex-dividend date of March 21, 2023. Additionally, a semi-annual dividend of $40.00 per share for the 8.0% Series A preferred stock was declared, payable on April 17, 2023.

Positive

• Quarterly dividend increased by 16%, reflecting strong financial performance.
• Total dividend payment of approximately $75 million indicates company confidence.

Negative

• None.

IRVING, Texas, Feb. 23, 2023 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its board of directors has declared a quarterly dividend of $0.1975 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents a ~16% increase in the company's quarterly common stock dividend per share from its first quarter 2022 dividend. The common dividend is payable on March 31, 2023, to common stockholders of record as of March 22, 2023. The ex-dividend date for the common dividend will be March 21, 2023.

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 April 17, 2023, to Series A preferred stockholders of record as of April 3, 2023.

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 37,000 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 for Vistra (VST) in 2023?

The dividend amount for Vistra (VST) in 2023 is $0.1975 per share.

When will the Vistra (VST) dividend be paid?

The Vistra (VST) dividend will be paid on March 31, 2023.

What is the ex-dividend date for Vistra's quarterly dividend?

The ex-dividend date for Vistra's quarterly dividend is March 21, 2023.

What is the annualized dividend for the Series A preferred stock of Vistra?

The annualized dividend for the Series A preferred stock of Vistra is $80.00.

When is the payment date for the Series A preferred stock dividend?

The payment date for the Series A preferred stock dividend is April 17, 2023.