Home Most Popular The Rise of Atlantica Sustainable Infrastructure plc: A Beacon for Dividend Investors

The Rise of Atlantica Sustainable Infrastructure plc: A Beacon for Dividend Investors

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The Rise of Atlantica Sustainable Infrastructure plc: A Beacon for Dividend Investors

AY Secures Its Spot among Top 10 Utility Dividend Stocks

Atlantica Sustainable Infrastructure plc (Symbol: AY) has earned a prestigious position as one of the Top 10 dividend-paying utility stocks, as per the latest revelation by Dividend Channel. The acclaimed ”DividendRank” report underscored the remarkable combination of attractive valuation metrics and robust profitability metrics exhibited by AY shares. For instance, the current AY share price of $17.47 signifies a price-to-book ratio of 1.3 alongside an enticing annual dividend yield of 10.19%. In stark contrast, the average utility stock in Dividend Channel’s coverage universe yields 4.5% and maintains a price-to-book ratio of 2.2. The report lauded the impressive quarterly dividend track record of Atlantica Sustainable Infrastructure plc and highlighted favorable long-term multi-year growth rates in crucial fundamental data points.

The Art of Dividend Investment: Unveiling Value and Profitability

Dividend Channel’s report elucidated, ”Dividend investors with a penchant for value-centric investment approaches are primarily drawn to exploring companies that not only boast robust profitability but also trade at an attractive valuation. This is precisely the objective of our proprietary DividendRank formula, which assesses the coverage universe based on a myriad of criteria encompassing profitability and valuation. The outcome is a curated list of the most compelling stocks, designed to serve as a wellspring of ideas warranting further investigation by discerning investors.

AY’s Dividend Performance Unveiled

The annualized dividend disbursed by Atlantica Sustainable Infrastructure plc stands at $1.78/share, disbursed in quarterly tranches, with the most recent dividend ex-date recorded on 03/11/2024. AY’s long-term dividend history, as depicted in the chart below, was emphasized by Dividend Channel as a crucial yardstick for evaluation. Undoubtedly, delving into a company’s historical dividend trajectory proves invaluable in assessing the likelihood of continuity in recent dividend payouts.

AY+Dividend+History+Chart

Explore the Top 10 DividendRank’ed Utility Stocks »

Also see:

• ETFs Holding FLT
• ETFs Holding VYGR
• Funds Holding AHGP

The perspectives articulated in this piece are solely those of the author and do not necessarily mirror the views of Nasdaq, Inc.