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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