Avista Corp. Board Increases Common Stock Dividend
February 03 2012 - 4:05PM
Marketwired
Avista Corp.'s (NYSE: AVA) board of directors has declared a
quarterly dividend of $0.29 per share on the company's common
stock, an increase of $0.015 per share, yielding an annualized
dividend of $1.16. The common stock dividend is payable March 15,
2012, to shareholders of record at the close of business on Feb.
24, 2012.
"The dividend increase approved by the board of directors marks
the tenth consecutive year the board has raised the dividend for
our shareholders. I believe it demonstrates the board's confidence
in the financial strength of our company," said Avista Corp.
Chairman, President and Chief Executive Officer Scott Morris.
The declaration of dividends is at the sole discretion of the
board of directors. The board considers the level of dividends on a
regular basis, taking into account numerous factors, including
financial results, business strategies, and economic and
competitive conditions.
About Avista Corp. 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 our operating division that provides electric
service to 358,000 customers and natural gas to 318,000 customers.
Our service territory covers 30,000 square miles in eastern
Washington, northern Idaho and parts of southern and eastern
Oregon, with a population of 1.5 million. Avista's primary,
non-utility subsidiary is Ecova. Our stock is traded under the
ticker symbol "AVA." For more information about Avista, please
visit www.avistacorp.com.
This news release contains forward-looking statements regarding
the company's current expectations. Forward-looking statements are
all statements other than historical facts. Such statements speak
only as of the date of the news release and are subject to a
variety of risks and uncertainties, many of which are beyond the
company's control, which could cause actual results to differ
materially from the expectations. These risks and uncertainties
include, in addition to those discussed herein, all of the factors
discussed in the company's Annual Report on Form 10-K for the year
ended Dec. 31, 2010, and the Quarterly Report on Form 10-Q for the
quarter ended September 30, 2011.
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Contact: Avista 24/7 Media Line (509) 495-4174 Media:
Jessie Wuerst (509) 495-8578 Email Contact Investors: Jason Lang
(509) 495-2930 Email Contact
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