Spark Energy, Inc. Announces Dividend on Common and Preferred Stock
Thursday, April 18, 2019 7:30 AM
First Quarter 2019 Financial Results to be presented on Tuesday, May 7, 2019
HOUSTON, TX / ACCESSWIRE / April 18, 2019 / Spark Energy, Inc. ('Spark' or the 'Company') (NASDAQ: SPKE), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the first quarter of 2019 in the amount of $0.18125 per share on its Class A Common Stock. This amount represents an annualized dividend of $0.725 per share. The first quarter dividend will be paid on June 14, 2019 to holders of record of Spark's Class A Common Stock on May 31, 2019.
Additionally, in accordance with the terms of the 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") of the Company, the Board of Directors has declared a quarterly cash dividend in the amount of $0.546875 per share on the Series A Preferred Stock. This amount represents an annualized dividend of $2.1875 per share. The dividend will be paid on July 15, 2019 to holders of record of Spark's Series A Preferred Stock on July 1, 2019.
Conference Call and Webcast
The Company has also announced today that it plans to present its first quarter 2019 financial results in a conference call and webcast on Tuesday, May 7, 2019 at 10:00 AM Central (11:00 AM Eastern).
A live webcast of the conference call can be accessed from the Events & Presentations page of the Spark Energy Investor Relations website at ir.sparkenergy.com/events-and-presentations. An archived replay of the webcast will be available for twelve months following the live presentation.
About Spark Energy, Inc.
Spark Energy, Inc. is an established and growing independent retail energy services company founded in 1999 that provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity. Headquartered in Houston, Texas, Spark currently operates in 19 states and serves 94 utility territories. Spark offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives.
We use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Investors should note that new materials, including press releases, updated investor presentations, and financial and other filings with the Securities and Exchange Commission are posted on the Spark Energy Investor Relations website at ir.sparkenergy.com. Investors are urged to monitor our website regularly for information and updates about the Company.
Spark Energy, Inc.
Christian Hettick, 832-200-3727
Kira Jordan, 832-255-7302
SOURCE: Spark Energy, Inc.