IN BRIEF: US Solar Fund declares dividend on target despite value dip
US Solar Fund PLC - investment company focused on solar power assets in North America - Declares dividend of 1.29 cents per share for first quarter, down 15% from 1.52 cents for the fourth quarter. Net asset value at March 31 was USD0.958 per share, down from USD0.963 per share at December 31. Company expects to declare "modestly lower" dividend in the second quarter followed by slightly higher dividends in the third and fourth. It says quarterly dividend is in line with annual dividend target of 5.66 cents per share, up 1.5% from 5.58 cents in 2022. Expects to have sufficient cash to cover the increased annual dividend, thanks in part to selling its 50% stake in the 200 megawatt Mount Signal 2 asset to MN8 Energy LLC for USD52.2 million in late April. Read More