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Greencoat UK Wind (UKW)

#7

NAME: GREENCOAT UK WIND

STOCK MARKET TICKER: (UKW)

BUSINESS: RENEWABLE ENERGY

WHAT I PAID AND WHEN: £1.45 PER SHARE IN AUGUST, 2023

DIVIDEND YIELD: 9.8%

ANNUAL DIVIDEND GROWTH: 7.8%

LAUNCH DATE: MARCH, 2013

TOTAL ASSETS: £4 BILLION

Double-digit income with dividends rising rapidly were the principal attractions of Greencoat UK Wind (stock market ticker: UKW) when I invested and this fund is still yielding over 9.8% at pixel time, as I write this. Better still, this £4 billion investment trust could double shareholders’ income if it can sustain its 7.8% annual average rate of increase over the last five years.

Against all that, it is important to remember that dividends are not guaranteed and can be cut or cancelled without notice. Also, almost unbelievably, regardless of renewables’ ability to deliver energy independence from foreign dictators, our homegrown politicians seem determined to increase taxes on this sector.

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