Bluefield Solar Income Fund Limited (BSIF)

Sector:

Investment Firms

Index:

FTSE 250

 100.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 139.00
  • 52 Week Low: 99.00
  • Currency: UK Pounds
  • Shares Issued: 609.20m
  • Volume: 1,270,936
  • Market Cap: £610.42m
  • RiskGrade: 54

Bluefield Solar sticks to dividend targets, buys Dorset assets

By Josh White

Date: Thursday 19 Apr 2018

LONDON (ShareCast) - (ShareCast News) - UK-based solar asset investor Bluefield Solar announced its second interim dividend for the financial year ending 30 June on Thursday.
The London-listed sterling income fund said the second interim dividend of 1.80p per ordinary share would be payable to shareholders on the register as at 27 April, with an associated ex-dividend date of 26 April and a payment date of 18 May.

Its board said it sets dividend targets which were intended to grow in line with the retail price index, using the 2014/15 financial year dividends of 7p per share as a base.

The target dividends arising out of the financial year ending 30 June 2017 were 7.18p per ordinary share, and the company said it was maintaining its guidance as published in its first interim dividend announcement on 8 January that the target would rise to 7.43p per ordinary share for the financial year ending 30 June.

For the past three financial years, the company had paid dividends which exceeded its target levels.

Bluefield Solar also announced that on 20 March, it acquired three sub-5 megawatt peak ground-mounted solar photovoltaic plants, all of which are located in Dorset.

The three PV plants were acquired for a total cash consideration of £19.9m, including transaction costs and working capital, and were funded from the company's revolving credit facility.

Each of the plants was fully operational, having been connected in March last year, and qualified under the 1.2 Renewable Obligation Certificate regime.

"I am pleased to announce the company's second interim dividend and that we remain on target for a full year dividend of 7.43p per share," said chairman John Rennocks in his very short statement.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BSIF Market Data

Currency UK Pounds
Share Price 100.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 139.00
52 Week Low 99.00
Volume 1,270,936
Shares Issued 609.20m
Market Cap £610.42m
RiskGrade 54

BSIF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.47% above the market average86.47% above the market average86.47% above the market average86.47% above the market average86.47% above the market average
94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average
Price Trend
44.8% below the market average44.8% below the market average44.8% below the market average44.8% below the market average44.8% below the market average
78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average
Income
95.20% above the market average95.20% above the market average95.20% above the market average95.20% above the market average95.20% above the market average
98.22% above the sector average98.22% above the sector average98.22% above the sector average98.22% above the sector average98.22% above the sector average
Growth
91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average
87.46% above the sector average87.46% above the sector average87.46% above the sector average87.46% above the sector average87.46% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 4
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BSIF Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 08-Feb-24 05-Oct-23
Paid 09-Mar-24 06-Nov-23
Amount 2.20p 2.30p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 85,694 @ 100.20p
16:35 1 @ 100.20p
16:35 831 @ 100.20p
16:35 26 @ 100.20p
16:35 1,966 @ 100.20p

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