Greencoat UK Wind invests in operating wind farms, expected to deliver strong cashflows from government support regimes and the sale of electricity generated
From these cashflows, the managers aim to pay dividends that rise with inflation, with enough left over to reinvest in assets with a view to maintain the NAV in real terms
The company has achieved critical mass, having recently purchased its 30th wind farm, bringing total assets to £1.6bn and the board have guided that the OCF will fall this year to 1.15% (from last year’s 1.24% and 1.46% at listing)
To date, the company has delivered on all its promises, and in contrast to peers, the managers have reaffirmed their confidence in being able to pay a dividend that matches inflation. At the current share price, UKW’s prospective yield is 5.6%
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Fund History: Greencoat UK Wind
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