Avista Corporation (NYSE:AVA) Shares Set to Pay Quarterly Dividend of $0.49

Avista Corporation (NYSE:AVA) announced a quarterly dividend on Wednesday, November 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, November 24th.

Avista has a payout ratio of 71.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.3%

Avista stock opened at $40.31 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.96. Avista has a one year low of $34.46 and a one year high of $43.50. The stock has a market cap of $3.38 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 4.36 and a beta of 0.22. The stock has a fifty day moving average of $36.91 and a 200 day moving average of $39.71.

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 return on equity of 7.87% and a net margin of 12.75%. The company had revenue of $421.00 million during the quarter, compared to the consensus estimate of $425.52 million. As a group, sell-side analysts predict that Avista will post 2.61 EPS for the current year.

Avista Company Profile

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.