Greencoat UK Wind boosts annual dividend and launches £100m buyback scheme

14.2% increase

Cristian Angeloni
clock • 2 min read

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

  • 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

Join now

 

Already an Investment Week
member?

Login

More on ESG

RLAM adopts Sustainability Focus label across £11bn portfolio range
ESG

RLAM adopts Sustainability Focus label across £11bn portfolio range

Across a mix of funds and trusts

Cristian Angeloni
clock 23 April 2025 • 1 min read
Quilter Cheviot's Claudia Quiroz: Issues for investors as US and Europe ESG divergence widens
ESG

Quilter Cheviot's Claudia Quiroz: Issues for investors as US and Europe ESG divergence widens

DE&I 'in the line of fire'

Claudia Quiroz
clock 16 April 2025 • 4 min read
Circe Invest's Fiona Frick: Investing in a world on edge
ESG

Circe Invest's Fiona Frick: Investing in a world on edge

Investors forced to reassess exposures

Fiona Frick
clock 11 April 2025 • 5 min read
Trustpilot