Bluefield Solar Income Fund Limited (BSIF)

Sector:

Investment Firms

Index:

FTSE Small Cap

137.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 145.50
  • 52 Week Low: 105.50
  • Currency: UK Pounds
  • Shares Issued: 370.50m
  • Volume: 352,023
  • Market Cap: £507.58m
  • RiskGrade: 70

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 137.00p
Change Today 1.00p
% Change 0.74 %
52 Week High 145.50
52 Week Low 105.50
Volume 352,023
Shares Issued 370.50m
Market Cap £507.58m
RiskGrade 70

BSIF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.88% below the market average33.88% below the market average33.88% below the market average33.88% below the market average33.88% below the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average
Price Trend
52.54% above the market average52.54% above the market average52.54% above the market average52.54% above the market average52.54% above the market average
52.49% above the sector average52.49% above the sector average52.49% above the sector average52.49% above the sector average52.49% above the sector average
Income
41.27% above the market average41.27% above the market average41.27% above the market average41.27% above the market average41.27% above the market average
90.04% above the sector average90.04% above the sector average90.04% above the sector average90.04% above the sector average90.04% above the sector average
Growth
36.16% below the market average36.16% below the market average36.16% below the market average36.16% below the market average36.16% below the market average
34.35% below the sector average34.35% below the sector average34.35% below the sector average34.35% below the sector average34.35% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 2
sell
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BSIF Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 01-Oct-20 06-Aug-20
Paid 28-Oct-20 21-Aug-20
Amount 2.05p 1.95p

Trades for 29-Sep-2020

Time Volume / Share Price
15:09 200,750 @ 136.00p
16:35 78,490 @ 137.00p
16:28 1,496 @ 136.50p
16:08 7 @ 136.44p
16:06 439 @ 136.44p

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