FY2025 dividend target of not less than 8.90pps.

For 2025, the board has set a target dividend for the year ended 30 June 2025 of not less than 8.90pps. The 1.1% year on year increase is down on BSIF’s traditional rate of dividend growth, however with one of the highest yields in the sector, the company has opted to focus some of its excess capital on additional share buybacks and the reduction of its RCF. This is a sensible approach in our view given the excessive discount on the company’s shares and the current cost of short-term financing.

For the anoraks, paid for research.

Bluefield Solar Income Fund – Compelling opportunity – QuotedData