LONDON - SDCL Energy Efficiency Income Trust plc (SEEIT) has declared a second quarterly interim dividend of 1.58 pence per ordinary share for the year ending March 31, 2025. The dividend is funded by net operational cash received from the company's investments.
The ex-dividend date is set for December 12, 2024, and the dividend will be payable on December 31, 2024, to shareholders registered by the close of business on December 13, 2024.
SEEIT is part of the FTSE 250 index and specializes in investments in the energy efficiency sector. Their projects span across North America, the UK, and Europe, including cogeneration assets in Spain, solar and storage projects in the US, a gas distribution network in Sweden, and a district energy system in one of the largest US business parks.
The trust aims to provide shareholder value through a diversified portfolio of energy efficiency projects. These projects are designed to offer lower-cost, cleaner, and more reliable energy solutions to end users. SEEIT is targeting a total shareholder return with a stable dividend income, capital preservation, and the potential for capital growth.
For the current financial year ending March 31, 2025, SEEIT targets a dividend of 6.32 pence per share. The company's last reported Net Asset Value (NAV) was 90.5p per share as of March 31, 2024.
SEEIT's investment manager, Sustainable Development Capital LLP (SDCL), has a track record of investing in energy efficiency and decentralized generation projects. SDCL operates globally with headquarters in London and additional offices in key locations around the world.
This dividend announcement is based on a press release statement and reflects the company's performance and strategic financial decisions. It is important for investors to note that past performance is not indicative of future results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.