Dividend Achievers List: Top 15

5. Avista Corporation (NYSE:AVA)

Dividend Yield as of September 22: 4.96%

Avista Corporation (NYSE:AVA) is a Washington-based energy company that specializes in the transmission, production, and distribution of energy and other related businesses. The company began serving a new large electric customer as of August 1 and expects that the revenue from this customer will significantly help offset higher power supply costs in 2024. Since the start of the year, the stock delivered a 7% return to shareholders.

In the second quarter of 2024, Avista Corporation (NYSE:AVA) reported revenue of $402 million, which showed a 6% growth from the same period last year. This growth in revenue reflects the strength of the company’s core utility operations, with second-quarter utility earnings meeting expectations. Its investments in the grid ensured reliable and stable system performance during the recent heat wave in the Western region.

On August 7, Avista Corporation (NYSE:AVA) declared a quarterly dividend of $0.475 per share, in line with its previous dividend. In February this year, the company achieved its 22nd consecutive year of dividend growth, which makes AVA one of the best stocks on our dividend achievers list. As of September 22, the stock has a dividend yield of 4.96%.

Avista Corporation (NYSE:AVA) was included in 23 hedge fund portfolios at the end of Q2 2024, growing from 18 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of more than $64 million. Israel Englander’s Millennium Management owned the largest stake in the company in Q2.