Via Renewables suspends common stock dividend; continues Series A Preferred dividend at $0.73989/share

Via Renewables, Inc.

Board temporarily suspends quarterly cash dividend on Class A common stock to enhance financial flexibility and strengthen balance sheet.
Series A Preferred dividend declared at $0.73989 per share, payable July 17, 2023 to holders of record July 1, 2023.
CEO cites focus on managing market volatility and investing in customer growth; no timeline given for reinstating common dividend.
Dividend suspension is temporary; company aims to distribute meaningful cash through both common and preferred dividends long term.

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