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

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, November 29th.

Atlantica Sustainable Infrastructure has raised its dividend payment by an average of 2.4% per year over the last three years. Atlantica Sustainable Infrastructure has a 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

Shares of Atlantica Sustainable Infrastructure stock traded up $0.02 on Wednesday, reaching $22.16. 142,519 shares of the company were exchanged, compared to its average volume of 1,207,013. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. The company’s 50-day moving average is $22.02 and its two-hundred day moving average is $22.09. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 76.35, a P/E/G ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 1-year low of $16.82 and a 1-year high of $23.47.

Analyst Upgrades and Downgrades

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