Clearway Energy (CWEN) has announced a quarterly dividend of $0.4676 per share, translating to a forward yield of 4.9%. This dividend will be payable on June 15 to shareholders of record as of June 1, with the ex-dividend date also set for June 1.
The company’s recent earnings report revealed a GAAP EPS of -$1.35, missing expectations by $0.88, while revenue of $354 million exceeded forecasts by $13.25 million. Clearway’s strategic focus on capital growth is underscored by its $3 billion capital plan through 2029, targeting a cash available for distribution (CAFD) per share of $2.90-$3.10 by 2030.
For investors, this dividend announcement alongside the capital expansion plan signals Clearway’s commitment to shareholder returns despite a challenging earnings miss. The yield and growth strategy may attract income-focused investors looking for stability in the energy sector.
Source: seekingalpha.com