Atlantica Yield PLC (AY) to Issue Dividend Increase – $0.29 Per Share

Atlantica Yield PLC (NASDAQ:AY) announced a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Thursday, November 30th will be given a dividend of 0.29 per share by the utilities provider on Friday, December 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Atlantica Yield PLC’s previous quarterly dividend of $0.26.

Atlantica Yield PLC (AY) traded up $0.02 during trading hours on Thursday, hitting $23.53. 510,200 shares of the stock were exchanged, compared to its average volume of 551,141. Atlantica Yield PLC has a twelve month low of $17.16 and a twelve month high of $25.99. The company has a market cap of $2,360.00, a PE ratio of 78.27, a P/E/G ratio of 1.03 and a beta of 1.11. The company has a quick ratio of 2.27, a current ratio of 2.30 and a debt-to-equity ratio of 2.91.

Atlantica Yield PLC (NASDAQ:AY) last announced its quarterly earnings data on Monday, November 13th. The utilities provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.30). The company had revenue of $291.96 million during the quarter. Atlantica Yield PLC had a net margin of 3.15% and a return on equity of 1.58%. equities analysts expect that Atlantica Yield PLC will post 0.75 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Atlantica Yield PLC from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. BidaskClub raised shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America Corporation reaffirmed a “buy” rating and set a $24.00 target price on shares of Atlantica Yield PLC in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Atlantica Yield PLC from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Atlantica Yield PLC currently has a consensus rating of “Buy” and an average price target of $23.83.

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Atlantica Yield PLC Company Profile

Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).

Dividend History for Atlantica Yield PLC (NASDAQ:AY)

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