Thursday, February 11, 2021

Dividend Increase #18 of 2021 - Avista Corporation (AVA)



Thursday, February 4th the Board of Directors of Avista Corp.’s (AVA) announced a quarterly dividend increase of from $ 0.4050 to $ 0.4225 per share that’s payable March 15, 2021 to holders of record February 19, 2021. This represents a 4.32% increase over the last quarterly dividend.

 

“The dividend increase approved by the board of directors marks the nineteenth 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 President and Chief Executive Officer Dennis Vermillion.

 

With current price $ 39.26 (yesterday's close), this raise brings their dividend yield to 4.30%.

 

Avista is a Dividend Contenders with a 19 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.5, 4.2, 4.2 and 4.9 (Dividend Champions.xls)

 

 

Since I own 50 shares of Avista Corporation, this will increase my portfolio's projected annual net dividend income by $ 2.61.

 

The increase was in line with my expectations.

 

This is the first dividend increase I've received from AVA since initiating a position in July 2020. (More here)

 

This increase raises my YOC to 4.73%.

 

 

Summary of 2021 Dividend Increases / Cuts

 

 

Click here to see my portfolio holdings.

 

You can follow the development of my dividends here.

 

Full Disclosure: Long AVA

 

Thanks for stopping by!

 

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