Pattern Energy executives addressed the yieldco’s sagging stock price, after the US-based wind operator chose not to raise its quarterly dividend for the first time since going public four years ago.

Although Pattern grew its cash available for distribution (CAFD) last year by 10% to $145.8m, adding the Broadview and Meikle wind farms to its roster, its dividend payout ratio has reached 100% of CAFD – a level the company deems unsustainably high and wishes to reduce.