Avista Corp.’s board of directors has increased the company’s quarterly dividend to 34.25 cents per share on common stock, officials announced Friday.
The increase of 1.25 cents per share represents a 3.8 percent increase, for an annual dividend of $1.37 per share.
Scott Morris, Avista’s chairman and CEO, said the Spokane utility’s board of directors has raised dividend for 14 consecutive years. The board evaluates quarterly dividends on a regular basis, considering factors such a financial results, business strategy and competition for investors, according to a company news release.
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