15th May 2025 12:08
NextEnergy Solar Fund Ltd - Guernsey-based specialist investor in solar energy and energy storage - Board approves a maintained dividend target of 8.43 pence per share for the year ending March 31, 2026. Company expects this to be covered in a 1.1x to 1.3x range by earnings post-debt amortisation, and supported by a high degree of revenue visibility. Also says the target offers an attractive approximately 12% dividend yield. Adds that it "has an impressive track record having achieved all its dividend targets whilst maintaining a covered dividend throughout the last eleven years and continues to target a covered dividend beyond the current financial year". Also on Thursday, NextEnergy Solar declares a 2.11p per share fourth interim dividend for the quarter ended March 31 this year, bringing the total payout for the year ended March 31 to 8.43p per share. Read More
