Dividend Growth of Pattern Energy Group Inc.(PEGI)

Pattern Energy Group (PEGI) is having a Dividend Yield of 7.96% with the Annual cash Dividend per share of $1.58. The last quarter cash dividend per share pay out was $0.41. Pattern Energy Group has a 5 year average dividend yield of 5.41% and the stock has a Indicated annual dividend of $1.63. Pattern Energy Group (PEGI) formally announced its most recent dividend on November 7, 2016 with a Dividend per share of $0.41. The new indicated annual dividend based on announced dividend per share is $1.63. The dividend yield based on the forward looking indicated annual dividend is 7.96%. Pattern Energy Group (PEGI) has the most recent dividend payout ratio of 40 with a 5-year average payout ratio of . The 5 year historical dividend growth of Pattern Energy Group (PEGI) is at the rate of 10.83% while the R-Squared dividend growth is 0.99. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Pattern Energy Group Inc. (NASDAQ:PEGI) rose 0.44% or 0.09 points on Thursday and made its way into the gainers of the day. After trading began at $20.55 the stock was seen hitting $20.65 as a peak level and $20.45 as the lowest level. The stock ended up at $20.59. The daily volume was measured at 493,764 shares. The 52-week high of the share price is $25.13 and the 52-week low is $14.56. The company has a market cap of $1,801 million. Shares of Pattern Energy Group Inc. rose by 3.52% in the last five trading days and 3.47% for the last 4 weeks. Pattern Energy Group Inc. is up 7.87% in the last 3-month period. Year-to-Date the stock performance stands at 8.43%.

Currently the company Insiders own 1.79% of Pattern Energy Group Inc. shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -1.65%. Company has reported several Insider transactions to the SEC, on Nov 21, 2016, Alan R Batkin (director) purchased 5,000 shares at 19.02 per share price.On Nov 8, 2016, Esben W. Pedersen (Chief Investment Officer) sold 1,200 shares at 23.01 per share price.On Sep 2, 2016, Lord Of Madingley Browne (director) purchased 10,000 shares at 23.89 per share price.

Pattern Energy Group Inc Last issued its quarterly earnings results on Nov 7, 2016. The company reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.08. The company had revenue of $91.91 million for the quarter, compared to analysts expectations of $98.36 million. The companys revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.40 EPS.

Pattern Energy Group Inc. is a premium power company. It engages in developing, constructing, owning and operating wind power. The companys project situated primarily in the United States, Canada and parts of Latin America. Pattern Energy Group Inc. is based in San Francisco, United States.


Share this post

Leave a Reply