Avista Corp. Board Declares an Increase in Common Stock Dividend
August 16 2006 - 9:23PM
PR Newswire (US)
Board Authorizes Preferred Stock Dividend SPOKANE, Wash., Aug. 16
/PRNewswire-FirstCall/ -- Avista Corp.'s (NYSE:AVA) board of
directors has declared a quarterly dividend of $0.145 per share on
the company's common stock. A quarterly dividend of $1.73750 per
share was declared on all outstanding shares of preferred stock
Series K. The common and preferred stock dividends are payable
Sept. 15, 2006, to shareholders of record at the close of business
on Aug. 31, 2006. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO ) "This is
the fifth dividend increase authorized by the board in the past
three years, and it is an important indicator to our shareholders
of the progress we are making in restoring our financial health,"
said Gary G. Ely, Avista Corp.'s chairman of the board and chief
executive officer. "Even with this increase, we continue to
reinvest the majority of our shareholder earnings in the
infrastructure and operation of the company to the benefit of our
customers." The common stock dividend represents a 4 percent
increase over the last dividend of $0.14 per share declared in May
2006. This will result in an indicated annual dividend of $0.58 per
share. Payment of dividends is subject to declaration and approval
by the board each quarter. Avista Corp. is an energy company
involved in the production, transmission and distribution of energy
as well as other energy-related businesses. Avista Utilities is a
company operating division that provides service to 339,000
electric and 298,000 natural gas customers in three western states.
Avista's non-regulated subsidiaries include Advantage IQ and Avista
Energy. Avista Corp.'s stock is traded under the ticker symbol
"AVA." For more information about Avista, please visit
http://www.avistacorp.com/ . NOTE: Avista Corp. and the Avista
Corp. logo are trademarks of Avista Corporation.
http://www.newscom.com/cgi-bin/prnh/20040128/SFW031LOGO
http://photoarchive.ap.org/ DATASOURCE: Avista Corp. CONTACT:
media, Jessie Wuerst, +1-509-495-8578, or , or investors, Jason
Lang, +1-509-495-2930, or , or Avista 24/7 Media Access,
+1-509-495-4174 Web site: http://www.avistacorp.com/
Copyright
Avista (NYSE:AVA)
Historical Stock Chart
From Jul 2024 to Aug 2024
Avista (NYSE:AVA)
Historical Stock Chart
From Aug 2023 to Aug 2024