Avista Corporation (AVA) To Go Ex-Dividend on November 24th

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Monday, November 24th will be paid a dividend of 0.49 per share by the utilities provider on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, November 24th.

Avista has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 23 years. Avista has a dividend payout ratio of 71.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:AVA opened at $41.19 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 1.00. The company has a market capitalization of $3.35 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.14 and a beta of 0.39. The stock has a fifty day moving average of $38.47 and a 200-day moving average of $37.97. Avista has a one year low of $34.80 and a one year high of $43.09.

Avista (NYSE:AVA) last announced its earnings results on Wednesday, November 5th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. Avista had a return on equity of 6.86% and a net margin of 9.13%.During the same quarter last year, the firm earned $0.23 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. As a group, equities analysts anticipate 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.