NextEnergy Solar Fund Limited has announced an interim dividend of 1.7175 pence per Ordinary Share for the quarter ending 30 September 2019. The interim dividend of 1.7175 pence will be paid on 31 December 2019 to shareholders on the register as at the close of business on 22 November 2019. The ex-dividend date is 21 November 2019.
The Company continues to achieve its dividend objective which is to increase dividends annually in line with RPI over the long term. For the year ending 31 March 2020, they are targeting a total dividend of 6.87p per ordinary share.
Other financial highlights include:
Net asset value per ordinary share of 111.2p (31 March 2019: 110.9p)
Ordinary shareholder total return of 6.7% (30 September 2018: 3.4%)
Gearing of 39% (31 March 2019: 36%)
Cash dividend cover before scrip of 1.3x (30 September 2018: 1.2x)
Ordinary shareholders' NAV of £649m (31 March 2019: £645m)