Atlantica Yield PLC (NASDAQ:AY) announced a quarterly dividend on Tuesday, February 27th, NASDAQ reports. Shareholders of record on Monday, March 19th will be paid a dividend of 0.31 per share by the utilities provider on Tuesday, March 27th. This represents a $1.24 annualized dividend and a yield of 6.34%. The ex-dividend date is Friday, March 16th. This is an increase from Atlantica Yield’s previous quarterly dividend of $0.29.
Shares of Atlantica Yield (NASDAQ:AY) opened at $19.57 on Friday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 2.20 and a current ratio of 2.28. The company has a market cap of $1,961.25, a P/E ratio of -17.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05. Atlantica Yield has a fifty-two week low of $18.00 and a fifty-two week high of $25.99.
Several analysts have commented on AY shares. Royal Bank of Canada raised their target price on shares of Atlantica Yield from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. BidaskClub upgraded shares of Atlantica Yield from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Guggenheim set a $27.00 target price on shares of Atlantica Yield and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research downgraded shares of Atlantica Yield from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.60.
Atlantica Yield Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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