2023-04-19 17:50:17 ET
-
Via Renewables ( NASDAQ: VIASP ) ( NASDAQ: VIA ) is temporarily suspending the quarterly cash dividend on its common stock, the company said on Wednesday.
-
"We believe that the decision to temporarily suspend the quarterly dividend on the common stock provides near-term benefits to our cash flow management while allowing us to enhance our balance sheet," CEO Keith Maxwell said.
-
The company however declared a quarterly dividend of $0.73989 per share on its series A preferred stock.
-
The preferred stock dividend will be paid on July 17, 2023 to holders of record on July 1, 2023.
-
The floating rate period for the series A preferred stock began on April 15, 2022.
For further details see:
Via Renewables suspends dividend on common stock temporarily