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Via Renewables, Inc. Announces Dividend on Preferred Stock and Donation to the American Red Cross to Support People Affected by and First Responders of the California Wildfires

1. Via Renewables declared a quarterly cash dividend of $0.69635 per Series A Preferred Stock. 2. The associated SOFR rate is down from last year's 5.31% to 4.30%.

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FAQ

Why Bullish?

Dividend declaration may attract investors, enhancing VIA's attractiveness. Consistent dividends can lead to stable price performance, similar to other dividend-paying stocks.

How important is it?

The dividend announcement is crucial for investor sentiment and market perception. Given VIA's independent status in energy, maintaining investor confidence is vital.

Why Short Term?

The immediate impact is likely within the next quarter due to the dividend announcement. Past examples show dividends boost stock prices temporarily.

Related Companies

VIASP
HOUSTON, TX / ACCESSWIRE / January 15, 2025 / Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA)(NASDAQ:VIASP), an independent retail energy services company, announced today that, 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 $0.69635 per share on the Series A Preferred Stock. Three-Month CME Term SOFR for this dividend is 4.30198% compared to 5.31399% a year ago.

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