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Avista Corp. Board Increases Common Stock Dividend

1. Avista's board declared a quarterly dividend of $0.49 per share. 2. This represents a $0.015 increase, marking 23 consecutive years of raises. 3. The dividend showcases board's commitment to maximizing shareholder value. 4. Dividends depend on various factors like financial results and market conditions. 5. Avista serves 418,000 electric and 382,000 natural gas customers across several states.

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Why Bullish?

The dividend increase highlights financial health, generally attracting investors, similar to past examples where consistent dividend growth boosted stock prices.

How important is it?

The article emphasizes the strategic importance of dividends for investor appeal, directly influencing AVA stock attractiveness.

Why Short Term?

The immediate effect from the dividend announcement may encourage increased buying activity, as seen with other dividend hikes in the utility sector.

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AVOAESDTE
February 12, 2025 17:30 ET  | Source: Avista Corporation SPOKANE, Wash., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Avista Corp.’s (NYSE: AVA) board of directors has declared a quarterly dividend of $0.49 per share on the company’s common stock, an increase of $0.015 per share, yielding an annualized dividend of $1.96. The common stock dividend is payable March 14, 2025, to shareholders of record at the close of business on February 26, 2025. “For twenty-three consecutive years, the board of directors has raised the dividend for our shareholders. I believe it demonstrates the board’s commitment to maximizing shareholder value and Avista’s commitment to shareholder returns,” said Avista President and Chief Executive Officer Heather Rosentrater. 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 the operating division that provides electric service to 418,000 customers and natural gas to 382,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.7 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista 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, 2023, and the Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2024. -- 2505 -- To unsubscribe from Avista’s news release distribution, send reply message to lena.funston@avistacorp.com Contact:Avista 24/7 Media Line (509) 495-4174 Media: Lena Funston (509) 495-8090 lena.funston@avistacorp.comInvestors: Stacey Wenz (509) 495-2046 stacey.wenz@avistacorp.com

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