Although Pattern Energy’s net loss more than tripled in the third quarter, to $35.3m, and its share price remains more than 25% lower than its 2015 peak in June, the company will hike its fourth-quarter dividend by 2.5%, to $1.49 per Class A share on an annualized basis.
In June – before the current downturn in yieldco share prices – Pattern told investors they could expect a 12-15% compound annual growth rate in dividends through 2017, reaching $1.76-$1.90
