Vistra Announces Significant Dividend Increase on Common and Preferred Stock

Vistra's Dividend Increase: A Positive Signal for Investors | VST Stock News


In a recent press release, Vistra (NYSE: VST) has made a significant announcement regarding its dividends. The company's board of directors has declared a substantial increase in the quarterly dividend on its common stock and also declared a semi-annual dividend on its Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. This move reflects Vistra's commitment to providing value to its shareholders and signifies the company's strong financial performance.

Quarterly Dividend Increase on Common Stock

Vistra's board of directors has approved a noteworthy 12% increase in the quarterly dividend on the company's common stock. The new dividend amount is set at $0.2060 per share, resulting in an estimated aggregate payment of $75 million for this quarter. This decision comes as a positive signal to investors, indicating Vistra's confidence in its ability to generate steady cash flows and maintain its growth trajectory.

A Marked Progress from 2022

Compared to the third quarter dividend in 2022, this increase in the quarterly common stock dividend demonstrates Vistra's improved financial performance and commitment to rewarding shareholders. As the company continues to execute its strategic initiatives, investors can look forward to potential future dividend hikes.

Payment and Record Dates

The increased common dividend is scheduled to be paid on September 29, 2023, to all common stockholders of record as of September 20, 2023. Investors who wish to receive the dividend must ensure they hold Vistra's common stock before the ex-dividend date, which falls on September 19, 2023. This announcement is expected to create positive sentiment among investors and could potentially attract new interest in Vistra's common stock.

Semi-Annual Dividend on Series A Preferred Stock

In addition to the increase in the common stock dividend, Vistra's 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 amounts to $40.00 per preferred share, which translates to an annualized basis of $80.00 per share of Series A preferred stock.

Payment and Record Dates for Series A Preferred Stock

The Series A dividend is slated to be paid on October 16, 2023, to all Series A preferred stockholders of record as of October 2, 2023. This move reinforces Vistra's commitment to its preferred stockholders, providing them with a reliable source of income through the semi-annual dividend.

With these dividend announcements, Vistra is demonstrating its financial strength and commitment to rewarding its shareholders. The increase in the quarterly common stock dividend and the declaration of the semi-annual dividend on Series A preferred stock are positive indicators of Vistra's continued success and stability in the market. As investors anticipate future growth and potential dividend hikes, Vistra's performance will undoubtedly be closely monitored in the coming quarters.

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