Avista Corporation (NYSE:AVA) Declares Quarterly Dividend of $0.49

Key Points

• Avista Corporation has declared a quarterly dividend of $0.49 per share, with payments to be made on September 15th, to shareholders of record on August 19th.
• The company's payout ratio is 71.5%, indicating that the dividend is sufficiently covered by earnings, with analysts projecting earnings of $2.53 per share for the next year.
• Avista's stock price decreased 4.0% to $36.71 following its quarterly earnings report, which revealed an earnings miss with $0.17 EPS against an expected $0.28.

Avista Corporation (NYSE:AVA - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Tuesday, August 19th will be paid a dividend of 0.49 per share by the utilities provider on Monday, September 15th. This represents a c) annualized dividend and a yield of 5.3%.

Avista has a payout ratio of 71.5% meaning 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 Down 4.0%

Shares of NYSE:AVA traded down $1.54 during midday trading on Wednesday, reaching $36.71. The company had a trading volume of 1,845,402 shares, compared to its average volume of 736,643. Avista has a 1-year low of $34.80 and a 1-year high of $43.09. The stock has a market cap of $2.96 billion, a PE ratio of 15.69, a P/E/G ratio of 2.52 and a beta of 0.40. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.01. The business's 50 day moving average price is $37.73 and its 200 day moving average price is $38.73.

Avista (NYSE:AVA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.11). Avista had a net margin of 9.63% and a return on equity of 7.28%. The business had revenue of $400.00 million during the quarter, compared to the consensus estimate of $416.06 million. During the same quarter last year, the company posted $0.29 EPS. Research analysts forecast that Avista will post 2.3 EPS for the current fiscal year.

About Avista

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.

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