TerraForm Power (TERP) Raises Quarterly Dividend 19.6% to $0.27; 3.7% Yield

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Go back to TerraForm Power (TERP) Raises Quarterly Dividend 19.6% to $0.27; 3.7% Yield

TerraForm Power Announces 20% Increase of Quarterly Dividend to $0.27 Per Share

December 22, 2014 8:10 AM EST

BELTSVILLE, Md., Dec. 22, 2014 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) today announced that its Board of Directors declared a quarterly dividend for the fourth quarter on the Company's Class A common stock of $0.27 per share, or $1.08 per share on an annualized basis. This reflects a 20% increase over the third-quarter dividend of $0.2257 per share, or $0.90 per share on an annualized basis. The fourth-quarter dividend is payable on March 16, 2015 to shareholders of record as of March 2, 2015.

TerraForm Power's third-quarter dividend was prorated to $0.1717 to adjust for a partial quarter (the Company closed its Initial Public... More