NRG Yield, Inc. (NYSE:NYLD) today announced that its Board of Directors
declared a quarterly dividend on the Company’s Class A common stock of
33 cents per share ($1.32 per share annualized) payable on March 17,
2014 to shareholders of record as of March 3, 2014. This represents a 10
percent increase over the fourth quarter 2013 dividend of 30 cents per
share ($1.20 per share annualized).
“After closing a successful fourth quarter, which included the
successful completion of the California Valley Solar Ranch project and
execution of NRG Yield’s first third-party acquisition of Energy Systems
Company, we are pleased to announce a 10 percent increase to NRG Yield’s
dividend,” said David Crane, NRG Yield’s Chairman and Chief Executive
Officer. “As NRG Yield begins its first fiscal year as a public company,
we look forward to continuing to meet our dividend growth and total
return objectives by executing on acquisition opportunities available to
us from NRG or third parties.”
About NRG Yield
NRG Yield owns a diversified portfolio of contracted renewable and
conventional generation and thermal infrastructure assets in the U.S.,
including fossil fuel, solar and wind power generation facilities that
provide the capacity to support more than one million American homes and
businesses. Our thermal infrastructure assets provide steam, hot water
and/or chilled water, and in some instances electricity, to commercial
businesses, universities, hospitals and governmental units in multiple
locations. NRG Yield is traded on the New York Stock Exchange under the
symbol NYLD. Visit nrgyield.com for more information.
Forward-Looking Statements
This communication contains forward-looking statements that may state
NRG Yield’s or its management’s intentions, beliefs, expectations or
predictions for the future. Such forward-looking statements are subject
to certain risks, uncertainties and assumptions, and typically can be
identified by the use of words such as “will,” “expect,” “estimate,”
“anticipate,” “forecast,” “plan,” “believe” and similar terms. Although
NRG Yield believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct, and
actual results may vary materially. Factors that could cause actual
results to differ materially from those contemplated above include,
among others, risks and uncertainties related to the capital markets
generally.
Copyright Business Wire 2014