Bluefield Solar Income Fund Limited (BSIF)

Sector:

Investment Firms

Index:

FTSE Small Cap

118.00p
   
  • Change Today:
      0.20p
  • 52 Week High: 137.16
  • 52 Week Low: 116.60
  • Currency: UK Pounds
  • Shares Issued: 496.07m
  • Volume: 237,518
  • Market Cap: £585.36m
  • 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 118.00p
Change Today 0.20p
% Change 0.17 %
52 Week High 137.16
52 Week Low 116.60
Volume 237,518
Shares Issued 496.07m
Market Cap £585.36m
RiskGrade 54

BSIF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.06% below the market average0.06% below the market average0.06% below the market average0.06% below the market average0.06% below the market average
57.75% below the sector average57.75% below the sector average57.75% below the sector average57.75% below the sector average57.75% below the sector average
Price Trend
77.23% below the market average77.23% below the market average77.23% below the market average77.23% below the market average77.23% below the market average
95.54% below the sector average95.54% below the sector average95.54% below the sector average95.54% below the sector average95.54% below the sector average
Income
59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average
97.27% above the sector average97.27% above the sector average97.27% above the sector average97.27% above the sector average97.27% above the sector average
Growth
20.23% above the market average20.23% above the market average20.23% above the market average20.23% above the market average20.23% above the market average
27.44% above the sector average27.44% above the sector average27.44% above the sector average27.44% above the sector average27.44% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
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BSIF Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 15-Jul-21 13-May-21
Paid 04-Aug-21 04-Jun-21
Amount 2.00p 2.00p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 8,083 @ 118.00p
16:26 10,000 @ 118.00p
16:23 4,230 @ 118.15p
16:22 4,707 @ 118.15p
16:19 253 @ 118.17p

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