SPOKANE, WA — Avista Corp.’s board of directors has approved an increase to the company’s quarterly common stock dividend, extending its long-running record of annual dividend growth.

The board declared a dividend of $0.4925 per share, for an annualized total of $1.97 per share. The dividend will be paid March 13, 2026, to shareholders of record as of February 25, 2026 .

Avista President and Chief Executive Officer Heather Rosentrater said the increase marks the company’s 24th consecutive year of raising dividends, reflecting the board’s focus on shareholder returns and financial strength.

The company said dividend decisions are reviewed regularly and are based on financial performance, business strategy, and economic conditions. Avista expects dividend growth to remain below earnings-per-share growth until it reaches its targeted payout range of 60 to 70 percent .

Avista provides electric and natural gas service across eastern Washington, northern Idaho, parts of Oregon, and Juneau, Alaska. Its stock trades on the New York Stock Exchange under the ticker symbol AVA.