HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Shareholders Set to Receive $0.42 Quarterly Dividend

HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 29th will be given a dividend of $0.4250 per share by the real estate investment trust on Friday, January 8th. This represents a $1.70 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, December 29th.

HA Sustainable Infrastructure Capital has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HA Sustainable Infrastructure Capital to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 55.7%.

HA Sustainable Infrastructure Capital Price Performance

Shares of HA Sustainable Infrastructure Capital stock traded down $0.94 on Friday, hitting $38.73. The company’s stock had a trading volume of 59,450 shares, compared to its average volume of 1,014,176. HA Sustainable Infrastructure Capital has a 1 year low of $29.75 and a 1 year high of $44.13. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 73.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.89 and a current ratio of 8.89. The firm has a fifty day moving average price of $37.30 and a 200-day moving average price of $38.15.

HA Sustainable Infrastructure Capital (NYSE:HASI) last issued its earnings results on Thursday, November 5th. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HA Sustainable Infrastructure Capital had a net margin of 18.61% and a return on equity of 13.62%. The business had revenue of $114.46 million during the quarter, compared to analysts’ expectations of $110.74 million. As a group, sell-side analysts anticipate that HA Sustainable Infrastructure Capital will post 2.75 earnings per share for the current fiscal year.

HA Sustainable Infrastructure Capital News Summary

Here are the key news stories impacting HA Sustainable Infrastructure Capital this week:

• Positive Sentiment: HASI reported third-quarter EPS of $0.82, above the $0.74 analyst consensus, and revenue of $114.46 million, exceeding expectations of $110.74 million. The company also reported 15% year-to-date adjusted EPS growth year over year and 15.6% adjusted return on equity. HASI third-quarter results
• Positive Sentiment: The company declared a quarterly dividend of $0.425 per share, equivalent to $1.70 annualized and a reported yield of 4.3%. The dividend is payable January 8 to shareholders of record December 29. Dividend announcement
• Negative Sentiment: Despite the earnings beat, coverage cited a disappointing longer-term dividend outlook, which may limit enthusiasm among income-focused investors. Dividend outlook coverage

About HA Sustainable Infrastructure Capital

HA Sustainable Infrastructure Capital, Inc (NYSE: HASI) is an investment firm focused on financing sustainable infrastructure and climate solutions. The company provides capital to projects and businesses involved in renewable energy, energy efficiency, sustainable real estate and other infrastructure that supports the transition to a lower-carbon economy.

Its investment activities may include lending, equity investments and other forms of project financing. HA Sustainable Infrastructure Capital typically works with developers, owners and operators of infrastructure assets, helping fund projects such as distributed solar, utility-scale renewable energy, energy-efficiency improvements and resilient infrastructure.

Founded in 1981, the company has historically operated under the name Hannon Armstrong Sustainable Infrastructure Capital, Inc and became publicly traded in 2013.