Avista Board Declares Common Dividends

The board of directors of Avista Corp. (Spokane, WA) has declared a quarterly dividend of $0.125 per share on the company's common stock. A quarterly dividend of $1.73750 per share was declared on all outstanding shares of preferred stock Series K. The common and preferred stock dividends are payable March 15, 2004, to shareholders of record at the close of business on February 19, 2004.