Comment on Why Is the Market Surprised by 8point3 Partners’ Unsurprising Dividend Increase?

Why Is the Market Surprised by 8point3 Partners’ Unsurprising Dividend Increase?

Shares of yieldco 8point3 Energy Partners (NASDAQ: CAFD) have been on a mini hot streak over the last few days. Shares have risen 10.4% since Thursday's close after the company announced a 3% increase in its quarterly dividend. As with any dividend increase, the extra payout is welcome news for investors -- but (at least in this case) it isn't surprising news. The new dividend of $0.2565 per share announced on March 24 is exactly the dividend management forecast on January 26.

 

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