Spark Energy, Inc. Announces Dividend on Common and Preferred Stock
October 18 2018 - 3:45PM
Third Quarter 2018 Financial Results to be
presented on Friday, November 2, 2018
Spark Energy, Inc. ("Spark" or the "Company") (NASDAQ: SPKE), an
independent retail energy services company (“Spark” or the
“Company”), announced today that its Board of Directors has
declared a quarterly cash dividend for the third quarter of 2018 in
the amount of $0.18125 per share of Class A Common Stock. This
amount represents an annualized dividend of $0.725 per share. The
third quarter dividend will be paid on December 14, 2018 to holders
of record of Spark’s Class A Common Stock on November 30, 2018.
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 of the Series A
Preferred Stock. This amount represents an annualized dividend of
$2.1875 per share. The dividend will be paid on January 15, 2019 to
holders of record of Spark’s Series A Preferred Stock on January 1,
2019.
Conference Call and Webcast
The company has also announced today that it
plans to present its third quarter 2018 financial results in a
conference call and webcast on Friday, November 2, 2018 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.
Contact: Spark Energy, Inc.
Investors:
Christian Hettick, 832-200-3727
Media:
Kira Jordan, 832-255-7302
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