Vistra Declares Dividend on Common Stock, Series B Preferred Stock, and Series C Preferred Stock

Rhea-AI Summary

Vistra (NYSE: VST) has announced dividend declarations for its common stock and preferred series. The company will pay a quarterly dividend of $0.2215 per common share (approximately $75 million total) on Dec. 31, 2024, to stockholders of record as of Dec. 20, 2024. For Series B preferred stock, a semi-annual dividend of $35.00 per share will be paid on Dec. 16, 2024. Series C preferred stockholders will receive a semi-annual dividend of $44.375 per share on Jan. 15, 2025.

Positive

• Maintained quarterly dividend payment of $0.2215 per common share
• Total dividend distribution of approximately $75 million shows strong cash position
• Continued payment of preferred stock dividends indicates financial stability

Negative

• None.

IRVING, Texas, Oct. 30, 2024 /PRNewswire/ -- Vistra (NYSE: VST) announced today that its board of directors has declared a quarterly dividend of $0.2215 per share of Vistra's common stock, reflecting an estimated aggregate payment of $75 million this quarter. The common dividend is payable on Dec. 31, 2024, to common stockholders of record as of Dec. 20, 2024. The ex-dividend date for the common dividend will be Dec. 20, 2024.

Additionally, the board of directors also declared a semi-annual dividend on the company's 7.0% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The Series B dividend is $35.00 per preferred share, or $70.00 per share of Series B preferred stock on an annualized basis. The Series B dividend is payable on Dec. 16, 2024, to Series B preferred stockholders of record as of Dec. 1, 2024.

Finally, the board of directors declared a semi-annual dividend on the company's 8.875% Series C Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The Series C dividend is $44.375 per preferred share, or $88.75 per share of Series C preferred stock on an annualized basis. The Series C dividend is payable on Jan. 15, 2025, to Series C preferred stockholders of record as of Jan. 1, 2025.

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

When is Vistra (VST) paying its next common stock dividend?

Vistra will pay its common stock dividend on December 31, 2024, to stockholders of record as of December 20, 2024.

How much is Vistra's (VST) quarterly dividend per share?

Vistra's quarterly dividend is $0.2215 per share of common stock.

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

Vistra's Series B preferred stock dividend is $35.00 per share semi-annually, or $70.00 per share annually.

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

Vistra's Series C preferred stock dividend is $44.375 per share semi-annually, or $88.75 per share annually.