Greencoat UK Wind PLC - Invests in UK wind farms - Says net asset value per share at December 31 was 164.1 pence, down 1.8% from 167.1p the year before. Says its 2023 net cash generation fell 28% to £405.5 million from £560.1 million at the end of 2022. Declares a quarterly dividend of 3.43p per share, brings the total dividend for 2023 to 10p, up 30% from 7.72p the year prior. Chair Lucinda Riches says: ‘We are proud to have generated approximately 1.5% of the UK’s electricity demand last year, and the portfolio was generating enough electricity to power 2.3 million homes and avoid approximately 2.5 million tonnes of [carbon dioxide] emissions through the displacement of thermal generation by the end of 2023. With the final dividend for the year, our investors will have received over £1 billion of dividends since listing. With our continuing strong cash flow and dividend cover, we can confidently target a dividend of 10p per share with respect to 2024, extending our track record of attractive dividends and returns.’

Current stock price: 134.62 pence, up 0.1%

12-month change: down 13%

Copyright 2024 Alliance News Ltd. All Rights Reserved.