Bluefield Solar Income Fund – Walking on sunshine

 Published by QuotedData 

7 February 2019

Author: James Carthew

 

Bluefield Solar Income Fund – Walking on sunshine

Faced with rising prices for secondary solar power projects, Bluefield Solar Income Fund (BSIF) has taken a strategic decision not to focus on growing its portfolio during the last couple of years. Instead, a focus on increasing operational efficiency, coupled with a 32.5% increase in the power price, has helped deliver a 16.2% year-on-year uplift in BSIF’s underlying earnings for the year ended 30 June 2018 (from 8.32p per share to 9.67p per share).

BSIF has an annual dividend target that, after the repayment of debt, is linked to the retail prices index, which is 7.68p for the year ending 30 June 2019 – a 6.0% yield on the current share price. BSIF offers one of the highest yields in its sector.

 

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