Avista Corporation (NYSE:AVA) Increases Dividend to $0.49 Per Share

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Monday, February 9th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.4925 per share by the utilities provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a 0.5% increase from Avista’s previous quarterly dividend of $0.49.

Avista has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 23 consecutive years. Avista has a dividend payout ratio of 71.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Avista to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 77.5%.

Avista Stock Performance

AVA opened at $41.49 on Tuesday. Avista has a twelve month low of $35.50 and a twelve month high of $43.09. The firm has a market capitalization of $3.38 billion, a PE ratio of 17.60, a PEG ratio of 2.13 and a beta of 0.28. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $39.48 and its 200 day moving average price is $38.56.

Avista Company Profile

Avista Corporation operates as an integrated energy company providing electric and natural gas delivery services to residential, commercial and industrial customers in the Pacific Northwest. Through its regulated utility operations, the company maintains and upgrades an extensive transmission and distribution network, delivering reliable energy to approximately 400,000 electric customers and 324,000 natural gas customers across Washington, Oregon and Idaho. In addition to its core utility business, Avista invests in owned generation assets, including hydroelectric, natural gas–fired, coal and wind facilities, to support system reliability and long-term supply planning.

Founded in 1889 as the Spokane and Inland Empire Water Power Company, the business adopted the Avista name in 1999 to reflect its growing energy portfolio and strategic focus on innovation.