Foresight Investment Group has launched a solar fund targeting a 6p dividend on the London Stock Exchange, the latest in a string of renewable energy IPOs with attractive dividends.
The group launched a solar investment trust onto the stock market this weekend in what is expected to be a £200m IPO. The Foresight Solar fund is the latest in a spate of alternative energy trusts that have listed in recent months. The Renewables Energy Infrastructure Group raised £300m in July, while Bluefield Solar Income recently completed an £130m IPO. All have drawn attention from investors because of their impressive yield, and Foresight too is targeting a 6p dividend. Foresight is floating 200m shares on the London Stock Exchange at a price of 100p per share. The fund manage...
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