Spark Energy, Inc. Announces Dividends on Common and Preferred Stock
April 19 2018 - 4:01PM
Spark Energy, Inc. (NASDAQ:SPKE), an independent retail energy
services company (“Spark” or the “Company”), announced today
that its Board of Directors has declared a quarterly cash dividend
for the first quarter of 2018 in the amount of $0.18125 per share
of Class A Common Stock. This amount represents an annualized
dividend of $0.725 per share. The first quarter dividend will be
paid on June 14, 2018 to holders of record of Spark’s Class A
Common Stock on May 31, 2018.
Additionally, in accordance with the terms of
the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Stock (“Series A Preferred Stock”) of the
Company, the Board of Directors has declared a quarterly cash
dividend in the amount of $0.546875 per share of the Series A
Preferred Stock. This amount represents an annualized dividend of
$2.1875 per share. The dividend will be paid on July 16, 2018 to
holders of record of Spark’s Series A Preferred Stock on July 2,
2018.
About Spark Energy, Inc.
Spark Energy, Inc. is an established and growing
independent retail energy services company founded in 1999 that
provides residential and commercial customers in competitive
markets across the United States with an alternative choice for
their natural gas and electricity. Headquartered in Houston, Texas,
Spark currently operates in 19 states and serves 94 utility
territories. Spark offers its customers a variety of product and
service choices, including stable and predictable energy costs and
green product alternatives.
We use our website as a means of disclosing
material non-public information and for complying with our
disclosure obligations under Regulation FD. Investors should note
that new materials, including press releases, updated investor
presentations, and financial and other filings with the Securities
and Exchange Commission are posted on the Spark Energy Investor
Relations website at ir.sparkenergy.com. Investors are urged to
monitor our website regularly for information and updates about the
Company.
Contact: Spark Energy,
Inc.
Investors:Christian Hettick,
832-200-3727
Media:Kira Jordan,
832-255-7302
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