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Capstone Infrastructure Corporation Reports Q3 Results and Declares Dividend

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Capstone Infrastructure Corporation Reports Q3 Results and Declares Quarterly Dividend

Capstone Infrastructure Corporation (TSX: CSE.PR.A) has announced its financial results for the third quarter ended September 30, 2023. The company's Management's Discussion and Analysis (MD&A) and unaudited interim consolidated financial statements are available on its website and on SEDAR. The MD&A provides a detailed analysis of the results of operations and the financial position for the quarter.

Dividend Declaration

The Board of Directors has declared a quarterly dividend of $0.2314 per Cumulative Five-Year Rate Reset Preferred Share, Series A. The dividend will be paid on or about January 31, 2024, to shareholders of record as of January 15, 2024. This dividend covers the period from October 31, 2023, to January 30, 2024. The dividends paid by the Corporation on its Preferred Shares are designated as "eligible" dividends for Canadian residents, with an enhanced dividend tax credit applicable.

About Capstone Infrastructure Corporation

Capstone Infrastructure Corporation is a developer, owner, and operator of clean and renewable energy projects across North America. With a portfolio of approximately 824 MW gross installed capacity across 31 facilities, including wind, solar, hydro, biomass, and natural gas power plants, Capstone is committed to driving the energy transition forward. The company focuses on creative thinking, strong partnerships, and a commitment to quality and integrity in its business operations. In conclusion, Capstone Infrastructure Corporation's Q3 results and dividend declaration reflect the company's commitment to sustainable growth and shareholder value. With a strong portfolio of clean energy projects, Capstone is well-positioned to contribute to the low-carbon future and drive the energy transition.

Implications of Capstone's Q3 Results and Dividend Declaration

Capstone Infrastructure Corporation's recent Q3 results and dividend declaration offer valuable insights for new businesses, particularly those in the renewable energy sector. Capstone's strong financial performance, as indicated by its Q3 results, underscores the profitability potential of clean and renewable energy projects. This serves as a beacon for startups in the industry, demonstrating that sustainable business practices can yield substantial financial returns.

Dividend Declaration and Shareholder Value

The company's decision to declare a quarterly dividend also highlights its commitment to enhancing shareholder value. This strategic move sends a powerful message to new businesses about the importance of balancing growth with shareholder returns. It's a clear indication that even as companies strive for expansion and innovation, they should not lose sight of their responsibility to shareholders.
Driving the Energy Transition
Capstone's portfolio of diverse energy projects across North America is a testament to the company's role in driving the energy transition. For new businesses, this serves as a model for how to effectively diversify operations and invest in the future of energy. In conclusion, Capstone's recent announcements provide a roadmap for new businesses, showing how to balance sustainable growth, shareholder value, and a commitment to a low-carbon future.
Story First Published at: https://financialpost.com/globe-newswire/capstone-infrastructure-corporation-reports-third-quarter-results-and-declares-a-quarterly-dividend-3
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