Avista raises quarterly dividend 3.3% to 47.5c per share

Avista’s board of directors has declared a quarterly dividend of 47.5c per share on the company’s common stock, an increase of 1.5c per share, yielding an annualized dividend of $1.90. The common stock dividend is payable March 15, 2024, to shareholders of record at the close of business on February 23, 2024. “The dividend increase approved by the board of directors marks the twenty-second consecutive year the board has raised the dividend for our shareholders. I believe it demonstrates the board’s commitment to maximizing shareholder value,” said Avista Chief Executive Officer Dennis Vermillion.