Renewable infrastructure trust Greencoat UK Wind (UKW) will increase its annual dividend for the 2024 financial year, according to a regulatory filing today (26 October).
The trust said that, due to positive prospects, a strong balance sheet and cash flow generation, it will increase its annual dividend by 14.2% to 10p per share. The board also decided to pay a 3.34p per share dividend for the last quarter of 2023, bringing the full year dividend target to 10p per share. Deep Dive: Future of infrastructure investing will rely on an ESG lens Additionally, the trust acknowledged its current discount to NAV, and the board has initiated a £100m share buyback programme to provide "greater flexibility to achieve an optimal use of cash to deliver value for...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
