This High-Yield Dividend Stock Powers Up Its Growth Plan [The Motley Fool]
PATTERN ENERGY GROUP INC CL (PEGI)
Last pattern energy group inc cl earnings: 3/2 06:00 am
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Source: The Motley Fool
This High-Yield Dividend Stock Powers Up Its Growth Plan Pattern Energy ( NASDAQ:PEGI renewable energy company payout ratio It recently took a significant step toward achieving its target by making a needle-moving acquisition. That deal makes it look increasingly likely that Pattern Energy will deliver on its growth objective. As a result, the stock is becoming a much more attractive option for income-seeking investors. Image source: Getty Images. Details on the latest deal Pattern Energy recently announced that it agreed to acquire ownership interests in the Henvey Inlet Wind facility in Ontario and the Grady Wind facility in New Mexico. The company will pay $9 million for the two operating wind facilities, which have the capacity to produce 0 megawatts (MW) of power, of which Pattern will own MW. The company will also assume the project finance loans, as well as purchase a 97 million Canadian dollar ($7 million) loan made to Nigig Power Corporation, its partner on Henvey Inlet. Lon
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