NRG Yield, Inc. (NYSE:NYLD) declared a quarterly dividend on Tuesday, October 31st, Zacks reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.288 per share by the utilities provider on Friday, December 15th. This represents a $1.15 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date is Thursday, November 30th. This is a positive change from NRG Yield’s previous quarterly dividend of $0.28.

NRG Yield has raised its dividend payment by an average of 60.2% per year over the last three years. NRG Yield has a payout ratio of 142.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NRG Yield to earn $0.95 per share next year, which means the company may not be able to cover its $1.15 annual dividend with an expected future payout ratio of 121.1%.

NRG Yield (NYLD) traded up $0.05 during mid-day trading on Friday, reaching $19.60. The company’s stock had a trading volume of 116,770 shares, compared to its average volume of 512,053. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 2.40. The stock has a market cap of $3,612.43, a price-to-earnings ratio of 46.55, a PEG ratio of 0.97 and a beta of 2.53. NRG Yield has a 1-year low of $14.60 and a 1-year high of $20.15.

NRG Yield (NYSE:NYLD) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.31). NRG Yield had a net margin of 4.10% and a return on equity of 1.76%. The company had revenue of $265.00 million for the quarter, compared to analysts’ expectations of $311.81 million. During the same period in the previous year, the firm earned $0.30 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. sell-side analysts expect that NRG Yield will post 0.81 EPS for the current fiscal year.

Several brokerages have recently commented on NYLD. Royal Bank Of Canada reissued a “hold” rating and set a $17.00 price objective on shares of NRG Yield in a report on Wednesday, November 15th. BidaskClub raised NRG Yield from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered NRG Yield from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Goldman Sachs Group Inc lowered NRG Yield from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Wednesday, October 11th. Finally, Bank of America Corporation began coverage on NRG Yield in a report on Tuesday, October 24th. They set a “neutral” rating and a $18.00 price objective for the company. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.75.

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NRG Yield Company Profile

NRG Yield, Inc serves as the primary vehicle, through which NRG Energy, Inc owns, operates and acquires contracted renewable and conventional generation and thermal infrastructure assets. It owns a diversified portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the United States.

Dividend History for NRG Yield (NYSE:NYLD)

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