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...
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