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

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

Avista has a payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

AVA opened at $40.31 on Friday. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 4.38 and a beta of 0.22. Avista has a 1 year low of $34.46 and a 1 year high of $43.50. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average price of $36.97 and a 200 day moving average price of $39.71.

Avista (NYSE:AVA) last issued its earnings results on Wednesday, November 4th. The utilities provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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. Analysts forecast 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.