Avista Corp. Announces Dividend for Common Stockholders
Avista Corp. (NYSE: AVA) has made an important announcement regarding its financial activities. The company’s board of directors has declared a quarterly dividend of $0.49 per share on its common stock. This decision is a testament to Avista's dedication to providing value to its shareholders.
Dividend Details and Payment Schedule
The declared dividend is set to be paid out on a future date to shareholders who are recorded as of a certain date. While the specific payable date is approaching, it signifies Avista's ongoing commitment to return profits to its investors. The board regularly evaluates the dividend levels, considering various factors including overall financial performance and market conditions.
The Role of the Board
The board of directors plays a crucial role in determining dividend declarations. Their decisions are influenced by several considerations, including the company’s financial health, business strategies, and broader economic factors. Such a responsible approach ensures that dividends remain sustainable and in alignment with company performance.
About Avista Corp.
Avista Corp. is a prominent energy company that takes pride in its extensive operations involving the production, transmission, and distribution of energy. The company serves a substantial customer base through its operating division, Avista Utilities, which caters to over 423,000 electric customers and provides natural gas service to approximately 383,000 customers.
Service Territory and Impact
The company's service area encompasses 30,000 square miles across regions characterized by a diverse population of about 1.7 million. This extensive reach underscores Avista’s critical role in the provision of energy services in its territories. Additionally, its subsidiary, Alaska Energy and Resources Company, contributes to the company's portfolio by offering retail electric services in Juneau, Alaska.
Commitment to Transparency and Communication
In an era where corporate transparency is paramount, Avista ensures that stakeholders are well-informed. The company maintains an open line of communication regarding its operational activities and financial performance. Shareholders and potential investors are encouraged to stay updated through Avista’s official channels.
Contact Information
For any inquiries or further information, individuals can reach out to Avista’s media line at (509) 495-4174. Additionally, specific media-related questions can be directed to Lena Funston at (509) 495-8090. Investors looking for financial insights can get in touch with Stacey Walters at (509) 495-2046.
Frequently Asked Questions
What is the recently declared dividend amount by Avista Corp.?
The board of directors declared a quarterly dividend of $0.49 per share on Avista Corp.'s common stock.
When will the dividend be paid?
The dividend is scheduled to be payable on a specific date in the future, which will be communicated to the shareholders.
What does Avista Corp. focus on?
Avista Corp. is primarily involved in the production, transmission, and distribution of energy. It has a significant presence in providing electric and natural gas services to its customers.
How many customers does Avista serve?
Avista Utilities serves over 423,000 electric customers and approximately 383,000 natural gas customers.
How can I contact Avista Corp. for more information?
You can contact the Avista 24/7 Media Line at (509) 495-4174 or reach out to specific representatives for media and investor inquiries.
