Spark Energy, Inc. (NASDAQ:SPKE) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
Spark Energy, Inc. (NASDAQ: SPKE), a Delaware corporation (the “Company”), announced today that its Board of Directors has declared a quarterly cash dividend for the second quarter of 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 dividend will be paid on September 14, 2017 to holders of record of the Class A common stock on August 29, 2017. Investors are reminded that on June 16, 2017, the Company completed a two-for-one stock split by means of a stock dividend.
Additionally, the Board of Directors has declared cash dividend on its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) in the amount of $0.546875 per share of Series A Preferred Stock. This amount represents an annualized dividend of $2.1875 per share. The dividend will be paid on October 16, 2017 to holders of record of the Series A Preferred Stock on October 1, 2017.
The information contained in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purpose of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filings.
Item 9.01 Financial Statements and Exhibits.
Press Release of Dividend Announcement for the Second Quarter 2017
Spark Energy, Inc. ExhibitEX-99.1 2 a2q17_dividendxannouncemen.htm EXHIBIT 99.1 PRESS RELEASE Exhibit SPARK ENERGY,…To view the full exhibit click
About Spark Energy, Inc. (NASDAQ:SPKE)
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Company serves natural gas customers in over 10 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio and Pennsylvania, and electricity customers in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.