Spark Energy, Inc. Announces Dividend on Common and Preferred Stock
HOUSTON, TX / ACCESSWIRE / January 21, 2021 / Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ:SPKE)(FSE:SLE), an independent retail energy services company, announced today that its Board of Directors has declared a quarterly cash dividend for the fourth quarter of 2020 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 fourth quarter dividend will be paid on March 15, 2021 to holders of record of Spark's Class A Common Stock on March 1, 2021.
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 April 15, 2021 to holders of record of Spark's Series A Preferred Stock on April 1, 2021.