Vistra Declares Dividend on Common Stock and Series A Preferred Stock

Rhea-AI Summary

Vistra (NYSE: VST) has announced a quarterly dividend increase for its common stock and a semi-annual dividend for its Series A preferred stock. The board of directors declared a quarterly dividend of $0.2195 per share on common stock, representing a 7% increase from the third quarter of 2023. This dividend, totaling an estimated $75 million, will be payable on Sept. 30, 2024, to stockholders of record as of Sept. 20, 2024. Additionally, a semi-annual dividend of $40.00 per share was declared on the company's 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, payable on Oct. 15, 2024, to preferred stockholders of record as of Oct. 1, 2024.

Positive

• Quarterly dividend on common stock increased by 7% to $0.2195 per share
• Estimated aggregate payment of $75 million for common stock dividend
• Semi-annual dividend of $40.00 per share declared on Series A preferred stock

Negative

• None.

IRVING, Texas, July 31, 2024 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its board of directors has declared a quarterly dividend of $0.2195 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. This represents an approximate 7% increase in the company's quarterly common stock dividend per share from its third quarter 2023 dividend. The common dividend is payable on Sept. 30, 2024, to common stockholders of record as of Sept 20, 2024. The ex-dividend date for the common dividend will be Sept. 20, 2024.

The board of directors also declared a semi-annual dividend on the company's 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The Series A dividend is $40.00 per preferred share, or $80.00 per share of Series A preferred stock on an annualized basis. The Series A dividend is payable on Oct. 15, 2024, to Series A preferred stockholders of record as of Oct. 1, 2024.

About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company that provides essential resources to customers, businesses, and communities from California to Maine. Based in Irving, Texas, Vistra is a leader in the energy transformation with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient, power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. Learn more at vistracorp.com.

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SOURCE Vistra Corp

FAQ

What is Vistra's (VST) new quarterly dividend amount for common stock?

Vistra's new quarterly dividend for common stock is $0.2195 per share, representing a 7% increase from the previous quarter.

When will Vistra (VST) pay its next common stock dividend?

Vistra will pay its next common stock dividend on September 30, 2024, to stockholders of record as of September 20, 2024.

What is the dividend amount for Vistra's (VST) Series A preferred stock?

Vistra declared a semi-annual dividend of $40.00 per share on its Series A preferred stock, which equates to $80.00 per share on an annualized basis.

When is the ex-dividend date for Vistra's (VST) common stock dividend?

The ex-dividend date for Vistra's common stock dividend is September 20, 2024.