Avista's board increases common stock dividend

Avista Corporation’s board of directors has declared a quarterly dividend of $0.33 per share on the company’s common stock, an increase of $0.0125 per share, yielding an annualized dividend of $1.32. The common stock dividend is payable March 13, 2015, to shareholders of record at the close of business February 20, 2015.

“The dividend increase approved by the board of directors marks the thirteenth consecutive year the board has raised the dividend for our shareholders. I believe it demonstrates the board’s continued confidence in the financial strength of our company,” said Chairman, President and Chief Executive Officer Scott Morris.

The declaration of dividends is at the sole discretion of the board of directors. The board considers the level of dividends on a regular basis, taking into account factors including financial results, business strategies and economic and competitive conditions.