HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to Issue Quarterly Dividend of $0.42

Key Points

• HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has declared a quarterly dividend of $0.42 per share, with an ex-dividend date set for October 3rd and payment scheduled for October 17th.
• Analysts project the company's earnings at $2.72 per share next year, indicating that the anticipated dividend will remain well-covered by earnings at a future payout ratio of 61.8%.
• Institutional investors hold a significant majority of the company’s shares, owning approximately 96.14% of HA Sustainable Infrastructure Capital's stock, reflecting strong institutional confidence in the company.

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, October 3rd will be paid a dividend of 0.42 per share by the real estate investment trust on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, October 3rd.

HA Sustainable Infrastructure Capital has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HA Sustainable Infrastructure Capital to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 61.8%.

HA Sustainable Infrastructure Capital Stock Performance

NYSE:HASI traded up $0.10 during mid-day trading on Wednesday, hitting $26.32. 128,474 shares of the stock were exchanged, compared to its average volume of 1,277,566. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The firm's 50-day simple moving average is $26.58 and its 200 day simple moving average is $26.92. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81. HA Sustainable Infrastructure Capital has a fifty-two week low of $21.98 and a fifty-two week high of $36.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of HA Sustainable Infrastructure Capital by 441.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,997,416 shares of the real estate investment trust's stock worth $58,404,000 after purchasing an additional 1,628,182 shares in the last quarter. Norges Bank purchased a new stake in shares of HA Sustainable Infrastructure Capital in the 2nd quarter valued at approximately $27,979,000. Tidal Investments LLC grew its position in shares of HA Sustainable Infrastructure Capital by 2,466.7% in the 4th quarter. Tidal Investments LLC now owns 699,275 shares of the real estate investment trust's stock valued at $18,762,000 after buying an additional 672,031 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of HA Sustainable Infrastructure Capital in the first quarter valued at about $19,058,000. Finally, Nuveen LLC purchased a new position in HA Sustainable Infrastructure Capital during the 1st quarter valued at about $12,371,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

HA Sustainable Infrastructure Capital Company Profile

HA Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment of energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.