- Via Renewables, Inc. (NASDAQ:VIASP) has announced a quarterly dividend of $0.69348 per share on its Series A Preferred Stock.
- The dividend payment is scheduled for July 15, 2025, to shareholders of record as of July 1, 2025.
- The new benchmark rate for the dividend is Three-Month CME Term SOFR plus a 0.26161% tenor spread, following the cessation of LIBOR.
Via Renewables, Inc. (NASDAQ:VIASP), an independent retail energy services company, has declared a quarterly cash dividend of $0.69348 per share on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The dividend will be disbursed on July 15, 2025, to stockholders who are on record as of July 1, 2025. This announcement aligns with the company's commitment to providing consistent returns to its preferred stockholders.
Following the conclusion of the Three-Month LIBOR's publication on June 30, 2023, Via Renewables has adopted the Three-Month CME Term SOFR as its replacement benchmark rate. This new rate includes a tenor spread adjustment of 0.26161%, as mandated by the LIBOR Act and the Federal Reserve's regulations.
Via Renewables, established in 1999 and based in Houston, Texas, operates across 20 states in the U.S., offering a variety of energy services and products under several brands including Spark Energy, Major Energy, Provider Power, and Verde Energy. The company continues to leverage its platform to provide residential and commercial customers with competitive options for natural gas and electricity.
