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Annual Results

Bluefield Solar dividend above target

18 September 2017 09:39

Bluefield Solar Income Fund's total underlying earnings rose to £25.1m in the year to the end of June - up from £20.9m last time.

Underlying earnings per share rose to 7.32p from 7.10p and the group declared a fully covered dividend of 7.25p per share against a target of 7.18p (2016: 7.25p and a target of 7.07p).

Chairman John Rennocks said: 'It has been another good year for the company in which the portfolio has continued to perform well.

'We have again delivered an above target dividend of 7.25 pence per share and seen a NAV total return of 18% for the year.

'Following another year of outperformance, our focus remains on optimising our revenue from the existing portfolio in a challenging market and on strong operational management through BSL, who will also actively pursue further value enhancing strategies across our portfolio.

'Whilst not underestimating the challenge posed by the desire to increase our dividends in line with RPI, we look forward to another successful year, delivering attractive returns to our shareholders.'

At 9:39am: (LON:BSIF) Bluefield Solar Income Fund Ltd share price was +1.63p at 114.38p

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