Avista Corporation (AVA) to Issue Quarterly Dividend of $0.49 on December 15th

Avista Corporation (NYSE:AVA) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Monday, November 24th will be given a dividend of 0.49 per share by the utilities provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. 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 increased its dividend annually for the last 23 consecutive years. Avista has a dividend payout ratio of 71.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.8%

Shares of AVA opened at $41.32 on Friday. The company’s fifty day moving average is $37.92 and its 200 day moving average is $38.00. Avista has a fifty-two week low of $34.80 and a fifty-two week high of $43.09. The stock has a market capitalization of $3.36 billion, a PE ratio of 18.61, a P/E/G ratio of 2.14 and a beta of 0.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 1.00.

Avista (NYSE:AVA) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. Avista had a net margin of 9.13% and a return on equity of 6.86%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Avista has set its FY 2025 guidance at 2.520-2.720 EPS. Sell-side analysts expect that Avista will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AVA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avista in a research note on Wednesday, October 8th. Wells Fargo & Company raised Avista to a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group raised their price target on Avista from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Finally, Mizuho set a $42.00 price objective on shares of Avista in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Avista has an average rating of “Hold” and a consensus target price of $40.33.

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.