Bluefield Solar Income Fund Limited (LON:BSIF), the London listed income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, has announced the Company’s fourth interim dividend for the financial year which ended on 30 June 2023.
The Fourth Interim Dividend of 2.30 pence per Ordinary Share (September 2022: 2.09 pence per Ordinary Share) will be payable to Shareholders on the register as at 6 October 2023 with an associated ex-dividend date of 5 October 2023 and a payment date on or around 6 November 2023.
The Board is pleased to have declared full year dividends totalling 8.60 pence per Ordinary Share for the financial year ended 30 June 2023, compared to a full year dividend of 8.20 pence per Ordinary Share for the financial year ended 30 June 2022. The dividend for the financial year ended 30 June 2023 is more than 2x covered.
Furthermore, the Board has set a target dividend for the 2023/24 financial year of not less than 8.80 pence per Ordinary Share. This is expected to be covered by earnings and to be post debt amortisation.
John Scott, Chair of Bluefield Solar commented: “I am pleased that, following a year of excellent performance, Bluefield Solar has been able to increase its dividend for the 2022/23 financial year to 8.60 pence per share (‘pps’), which compares favourably with our original target distribution of 8.40pps. This represents an increase of 4.9% over the prior year’s dividend and, based on a share price of 118.2pps on 26 September 2023, offers a dividend yield of 7.3%.”
