EX-Dividend Schedule: Spark Energy has a Dividend Yield of 5.80%; Will Trade Ex-Dividend on November 28, 2017
LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors has a free review on Spark Energy, Inc.
(NASDAQ: SPKE) following the Company’s
announcement that it will begin trading ex-dividend on November 28, 2017. In
order to capture the dividend payout, investors must purchase the stock a day
prior to the ex-dividend date that is by latest at the end of the trading session
on November 27, 2017. Active-Investors has
initiated due-diligence on this dividend stock. Register with us for more free
research including the one on SPKE: www.active-investors.com/registration-sg/?symbol=SPKE.
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includes dividend stocks, you have come to the right place for timely
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Dividend
Declared
On October 19,
2017, Spark Energy, announced that its Board of Directors has declared a
quarterly cash dividend for Q3 2017 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, 2017, to
holders of record of Spark’s Class A Common Stock on November 29, 2017.
Spark Energy’s
indicated dividend represents a yield of 5.80%, which is more than double
compared to the average dividend yield of 2.34% for the Utilities sector.
Dividend
Insights
Spark Energy has
a dividend payout ratio of 77.1%, which denotes that the Company spends
approximately $0.77 for dividend distribution out of every $1.00 earned. The
dividend payout ratio reflects how much amount a company is returning to
shareholders versus how much money it is keeping on hand to reinvest in growth,
to pay off debt, and/or to add to its cash reserves.
According to
analysts’ estimates, Spark Energy is forecasted to report earnings of $1.04 for
the next year, which is noticeably above its annualized dividend of $0.73 per
share.
As of September
30, 2017, Spark Energy had cash and cash equivalents worth $11.25 million
compared to $18.96 million as on December 31,2016. For the nine months of
2017, the Company’s net cash provided by operating activities totaled $63.82
million compared to $61.64 million for the year ago same period. The Company’s
strong financial position indicates its ability to absorb any fluctuations in
earnings and cash flow and to sustain the dividend distribution for a long
period.
Recent
Development for Spark Energy
On November 02,
2017, Spark Energy reported adjusted EBITDA of $19.6 million for the quarter
ended September 30, 2017, compared to adjusted EBITDA of $20.3 million for the
quarter ended September 30, 2016. The Company recorded retail gross margin of
$50.6 million for the reported quarter compared to retail gross margin of $45.2
million for the prior year’s corresponding quarter.
Spark Energy’s
net income for the quarter ended September 30, 2017, was $12.9 million compared
to net income of $6.8 million for the quarter ended September 30, 2016,
primarily due to the increase in gross margin offset by higher general and
administrative costs.
About Spark Energy, Inc.
Spark Energy 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 Energy currently
operates in 19 states and serves 94 utility territories.
Stock Performance Snapshot
November
24, 2017 – At Friday’s closing bell, Spark Energy’s stock fell
2.40%, ending the trading session at $12.20.
Volume traded for the
day: 57.40 thousand shares.
After last Friday’s
close, Spark Energy’s market cap was at $432.86 million.
Price to Earnings (P/E)
ratio was at 15.10.
The stock has a dividend
yield of 5.90%.
The stock is part of the Utilities
sector, categorized under the Electric Utilities industry. This sector was up 0.1%
at the end of the session.
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