Via Renewables: Fueling Growth and Giving Back

Via Renewables, Inc. (NASDAQ: VIA; VIASP), an independent retail energy services company, has announced a significant dividend on its preferred stock and a generous donation to the American Red Cross to support people affected by and first responders of the California wildfires. This dual move demonstrates the company's commitment to both shareholder value and corporate social responsibility (CSR).

The company declared a quarterly cash dividend of $0.73989 per share on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. This dividend will be paid on July 17, 2023, to holders of record of Via Renewables' Series A Preferred Stock on July 1, 2023. The floating rate period for the Series A Preferred Stock began on April 15, 2022.

In addition to this dividend, Via Renewables has made a substantial donation to the American Red Cross to support relief efforts for the recent California wildfires. The company's contribution will help the Red Cross provide emergency relief to residents and families impacted by the disasters, including meals, medical care, and a safe place to shower and sleep. This donation aligns with Via Renewables' commitment to supporting communities in need and contributing to disaster relief efforts.



Via Renewables' dividend policy on preferred stock aligns with its long-term growth strategy by ensuring a stable and predictable income stream for preferred stockholders while allowing the company to reinvest in its core business and pursue growth opportunities. The company has consistently paid a quarterly cash dividend on its Series A Preferred Stock, demonstrating its commitment to maintaining a strong financial position and supporting its long-term growth strategy.

The company's donation to the American Red Cross is expected to have a positive impact on its CSR initiatives by supporting disaster relief, enhancing its reputation, boosting employee engagement, and aligning with its broader CSR goals. By actively participating in and contributing to relief efforts, Via Renewables can enhance its public image and demonstrate its commitment to social responsibility.

In conclusion, Via Renewables' announcement of a dividend on its preferred stock and a donation to the American Red Cross to support people affected by and first responders of the California wildfires showcases the company's commitment to both shareholder value and CSR. By maintaining a strong financial position and supporting communities in need, Via Renewables is well-positioned to continue its growth trajectory while making a positive impact on society.

Word count: 598