This High-Yield Renewable-Energy Stock Remains on Track for High-Powered Growth [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 Renewable-Energy Stock Remains on Track for High-Powered Growth Matthew DiLallo ( TMFmd9 Aug , 09 at :07PM Pattern Energy NASDAQ:PEGI renewable-energy company high-yield dividend The company unveiled its two-year improvement plan conference call Image source: Getty Images. We're right on track CEO Mike Garland led off the call discussing the company's second-quarter results unfavorable wind conditions With Pattern Energy on track with its strategy, Garland stated that "we are committed to maintaining our dividend and driving down our payout ratio toward our targeted level of 80% by the end of 00." That lower payout ratio would give the company a bit more financial wiggle room, improving the long-term sustainability of the dividend. We made notable progress on our plan In addition to reporting financial results that were in line with its expectations, Pattern Energy also took some important strategic steps during the quarter. Topping its list of achievements was the acq
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