Atlantica Sustainable Infrastructure plc (AY) To Go Ex-Dividend on November 29th

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.2225 per share by the utilities provider on Thursday, December 12th. This represents a $0.89 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, November 29th.

Atlantica Sustainable Infrastructure has raised its dividend by an average of 2.4% annually over the last three years. Atlantica Sustainable Infrastructure has a dividend payout ratio of 109.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Atlantica Sustainable Infrastructure to earn $0.50 per share next year, which means the company may not be able to cover its $0.89 annual dividend with an expected future payout ratio of 178.0%.

Atlantica Sustainable Infrastructure Stock Performance

Atlantica Sustainable Infrastructure stock traded up $0.02 during trading hours on Wednesday, hitting $22.16. The company had a trading volume of 221,145 shares, compared to its average volume of 1,207,902. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a 50-day moving average of $22.02 and a 200 day moving average of $22.09. Atlantica Sustainable Infrastructure has a one year low of $16.82 and a one year high of $23.47. The firm has a market cap of $2.57 billion, a PE ratio of 76.35, a PEG ratio of 2.15 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Atlantica Sustainable Infrastructure in a report on Friday, November 22nd. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.