14th Apr 2022 14:48
NextEnergy Solar Fund Ltd - Guernsey-based investor and asset manager in the solar sector - Increases dividend target by 5.0% to 7.52 pence per ordinary share from 7.16p. Notes that this is 4.1% above the calculated retail price index rise for the 2021 calendar year. Explains that the increase is supported by its secured revenue flows, strong operational asset base and attractive growth prospects.
"We are pleased to announce a dividend target of 7.52 pence per ordinary share, representing a 5.0% increase on the previous year's dividend and, importantly, the eighth consecutive year of dividend growth," Chair Kevin Lyon says.
"It also demonstrates the resilience of the renewables sector, particularly solar and battery storage, and underlines the fact that NextEnergy Solar Fund offers investors an attractive dividend yield."
Current stock price: 104.20 pence
12-month change: up 4%
By Abby Amoakuh; [email protected]
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