27th Mar 2020 10:21
(Alliance News) - Foresight Solar Fund Ltd on Friday affirmed its dividend target for 2020 of 6.91 pence per share, as it so far sees no evidence suggesting the Covid-19 outbreak will affect its operational or financial performance.
For 2019, the solar energy-focused investment fund reported a record asset availability and above-budget performance from its UK portfolio, and for 2020 to date has reported no operational disruption linked to the virus pandemic.
Also for 2019, Foresight Solar declared a dividend of 6.76p per share, meaning 2020's target would reflect a 2.2% increase.
Looking ahead, Foresight said it expects a further short-term reduction in power prices due to a drop in demand, but these prices are also expected to improve over the medium term.
The FTSE 25-listed shares in Foresight Solar Fund were down 2.3% at 104.51 pence on Friday in London.
By Dayo Laniyan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Foresight Solar Fund