5 Best Dividend Contenders to Buy for 2022

3. Avista Corporation (NYSE:AVA)

Number of Years of Dividend Increases: 19

Dividend Yield as of January 21: 3.86%

Number of Hedge Fund Holders: 14

Avista Corporation (NYSE:AVA) is an energy company from Washington that supplies electricity and natural gas for residential, commercial, and industrial applications. 

On November 5, Avista Corporation (NYSE:AVA) declared a $0.4225 per share quarterly dividend, in line with previous. The dividend was paid on December 15, to shareholders of record on November 19. As of January 21, Avista Corporation (NYSE:AVA) delivers a 3.86% dividend yield, with a history of 19 consistent years of dividend growth. 

Avista Corporation (NYSE:AVA) and Chelan County Public Utility District on December 30 announced that they have finalized a 20-year contract for renewable hydropower. This contract will increase Avista Corporation (NYSE:AVA)’s carbon-free resources and accelerate its 2030 renewable energy goals. 

14 hedge funds monitored by Insider Monkey in Q3 2021 were bullish on Avista Corporation (NYSE:AVA), with stakes totaling $42.1 million, as compared to 17 funds in the preceding quarter, holding stakes worth $44.7 million in Avista Corporation (NYSE:AVA). 

Paul Tudor Jones’ Tudor Investment Corporation is the biggest stakeholder of Avista Corporation (NYSE:AVA), and the hedge fund owns 162,179 shares of the company, valued at $6.34 million.