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Greencoat UK Wind ( (GB:UKW) ) just unveiled an update.
Greencoat UK Wind PLC announced a decrease in its Net Asset Value to £3,409 million as of December 31, 2024, due to revised energy yield estimates and lower than average UK wind speeds. Despite this, the company declared a quarterly interim dividend of 2.5 pence per share and projected a total dividend of 10.35 pence per share for 2025, reflecting an increase aligned with inflation. The company completed its first asset divestment, selling stakes in two onshore wind farms, and used the proceeds to repay debt and fund share buybacks, indicating a strategy to manage gearing and enhance shareholder value.
More about Greencoat UK Wind
Greencoat UK Wind PLC is a company operating in the renewable energy sector, primarily focusing on wind power generation in the UK. The company engages in the acquisition, divestment, and management of wind farm assets, providing returns to shareholders through dividends and capital growth.
YTD Price Performance: -5.09%
Average Trading Volume: 3,594,258
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of UKW stock, go to TipRanks’ Stock Analysis page.
