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

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Tuesday, November 24th will be given a dividend of $0.4925 per share by the utilities provider on Monday, December 14th. This represents a $1.97 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, November 24th.

Avista has a dividend payout ratio of 71.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Avista to earn $2.71 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 72.7%.

Avista Trading Up 0.3%

Shares of AVA stock opened at $40.31 on Thursday. Avista has a 52-week low of $34.46 and a 52-week high of $43.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.96. The company has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $39.71. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 4.36 and a beta of 0.22.

Avista (NYSE:AVA) last posted its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). Avista had a net margin of 12.75% and a return on equity of 7.87%. The firm had revenue of $421.00 million during the quarter, compared to analysts’ expectations of $425.52 million. Research analysts anticipate that Avista will post 2.61 EPS for the current fiscal year.

About Avista

Avista Corporation is an energy company whose principal business is providing regulated electric and natural gas service through Avista Utilities. Its operations include generating, transmitting and distributing electricity, as well as distributing natural gas to residential, commercial and industrial customers. Avista serves communities in eastern Washington and northern Idaho, along with parts of Oregon. The company also owns Alaska Electric Light and Power, which provides electric service in Juneau and nearby communities.