Avista Hikes Its Dividend

Avista (NYSE: AVA  ) has increased its quarterly dividend. The company will distribute $0.305 per share of common stock on March 15 to shareholders of record as of the close of business on Feb. 22. The amount represents an increase of 5% over the last quarterly payout of $0.29, which the firm held steady through all four quarters of 2012. Prior to that, the disbursement was $0.275 per share.

At an annualized rate, the new payout of $0.305 yields 4.7% on the firm's current stock price. Avista pointed out in its announcement that this marks the eleventh consecutive year the dividend has been raised.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2246236, ~/Articles/ArticleHandler.aspx, 7/24/2014 5:25:09 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.