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

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) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Friday, October 3rd will be given a dividend of 0.42 per share by the real estate investment trust on Friday, October 17th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, October 3rd.

HA Sustainable Infrastructure Capital has a payout ratio of 57.5% meaning 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 Trading Up 0.9%

Shares of HA Sustainable Infrastructure Capital stock traded up $0.24 during trading hours on Tuesday, hitting $25.90. The company's stock had a trading volume of 72,545 shares, compared to its average volume of 1,276,445. HA Sustainable Infrastructure Capital has a twelve month low of $21.98 and a twelve month high of $36.56. The firm has a fifty day moving average of $26.56 and a 200-day moving average of $26.93. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 0.96 and a beta of 1.62. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.04 and a current ratio of 10.81.

About HA Sustainable Infrastructure Capital

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.