Liberum: SDCL Energy Efficiency Income TrustGeneral/ 04 March 2021
2.2% increase in quarterly dividend for FY 2022
Mkt Cap £752m | Prem/(disc) 10.3% | Div yield 5.1%
SDCL Energy Efficiency Income Trust has increased its dividend target by 2.2% for FY 2022 (March period end) to 5.62p. The company is currently on track to distribute 5.5p for the period to March 2021 and the uplift is in line with the progressive dividend policy. Cash flow generation from the portfolio has been robust since launch. Operating cash flows generated by the portfolio in the six-month period to September 2020 were £20.0m (5.3p per share), representing dividend cover of 1.9x on dividends declared for the period.