Avista (AVA): Reliable Utility Operations Backed by Strong Dividend Yield

Core Viewpoint - Avista Corporation (NYSE:AVA) is recognized as one of the best dividend stocks with a yield exceeding 4%, appealing to investors seeking reliable income sources [1]. Group 1: Company Overview - Avista Corporation is a regulated electric and natural gas utility based in Spokane, Washington, serving approximately 423,000 electric customers and 383,000 natural gas customers across Washington, Idaho, and Oregon [2]. - The company also owns Alaska Electric Light & Power (AEL&P), which provides electricity in Alaska [2]. Group 2: Operational Focus - Avista focuses on delivering reliable utility services, managing costs efficiently, and investing significantly in infrastructure and clean energy initiatives [3]. - The operations are closely regulated, with oversight from state and federal agencies, making regulatory approvals and effective resource management critical for executing major projects [3]. Group 3: Financial Performance - Avista has demonstrated consistent dividend growth, with a quarterly dividend of $0.49 per share, reflecting a 3.2% increase earlier this year [4]. - The company has extended its dividend growth streak to 23 years, contributing to its reputation as a reliable utility stock [4]. - As of October 12, the stock has a dividend yield of 5.29% [4].