IRVING, Texas - Vistra Corp (NYSE: VST), a Fortune 500 integrated retail electricity and power generation company, announced an increase in its quarterly dividend. The company's board of directors declared a dividend of $0.215 per share on its common stock, which is payable on March 29, 2024, to shareholders of record as of March 20, 2024. This dividend reflects a 9% rise from the first quarter 2023 dividend, totaling an estimated payment of $75 million for the quarter.
The ex-dividend date, which is the cutoff for eligibility to receive this dividend, is set for March 19, 2024. In addition to the common stock dividend, Vistra also declared a semi-annual dividend for its 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. Holders of the Series A preferred stock are set to receive a dividend of $40.00 per share, equating to an $80.00 annualized payout per share. This preferred dividend is scheduled for payment on April 15, 2024, to stockholders on record as of April 1, 2024.
Vistra operates across 20 states and the District of Columbia, aiming to deliver a combination of customer-centric retail services along with safe and efficient power generation. The company's increase in dividends indicates a potential positive outlook on its financial performance and commitment to delivering value to its shareholders.
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