IRVING,
Texas, Feb. 23, 2022 /PRNewswire/ -- Vistra
(NYSE: VST) announced today that its board of directors has
declared a quarterly dividend of $0.17 per share of
Vistra's common stock, reflecting an estimated aggregate payment of
$75 million this quarter. This
represents a ~13% increase in the company's quarterly common stock
dividend per share from its first quarter 2021 dividend. The
common dividend is payable on March 31, 2022, to common
stockholders of record as of March 22, 2022. The ex-dividend
date for the common dividend will be March
21, 2022.
![Vistra Corp. Logo (PRNewsfoto/Vistra Corp.) Vistra Corp. Logo (PRNewsfoto/Vistra Corp.)](https://mma.prnewswire.com/media/1393749/Vistra_Corp_Logo.jpg)
"One of our four key strategic imperatives we identified in 2021
includes returning significant capital to our common shareholders
through share repurchases and a meaningful and growing dividend,"
said Curt Morgan, chief executive
officer of Vistra. "As previously announced, we expect to allocate
$300 million per year, or
approximately $75 million per
quarter, toward our common dividend. As we further execute on our
share buyback plan, this quarterly $75
million dividend allocation will be spread over fewer
shares, which we expect will offer meaningful dividend yield growth
for shareholders."
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 April 15, 2022, to Series A preferred
stockholders of record as of April 1,
2022.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 275 integrated retail
electricity and power generation company based in Irving, Texas, providing essential resources
for customers, commerce, and communities. Vistra combines an
innovative, customer-centric approach to retail with safe,
reliable, diverse, and efficient power generation. The company
brings its products and services to market in 20 states and the
District of Columbia, including
six of the seven competitive wholesale markets in the U.S. and
markets in Canada and Japan, as well. Serving nearly 4.3 million
residential, commercial, and industrial retail customers with
electricity and natural gas, Vistra is one of the largest
competitive electricity providers in the country and offers over 50
renewable energy plans. The company is also the largest competitive
power generator in the U.S. with a capacity of approximately 39,000
megawatts powered by a diverse portfolio, including natural gas,
nuclear, solar, and battery energy storage facilities. In addition,
Vistra is a large purchaser of wind power. The company owns and
operates the 400-MW/1,600-MWh battery energy storage system in
Moss Landing, California, the
largest of its kind in the world. Vistra is guided by four core
principles: we do business the right way, we work as a team, we
compete to win, and we care about our stakeholders, including our
customers, our communities where we work and live, our employees,
and our investors. Learn more about our environmental, social, and
governance efforts and read the company's sustainability report at
https://www.vistracorp.com/sustainability/.
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SOURCE Vistra Corp.