Gresham House Energy Storage commences share buyback programme

Follows dividend suspension

Eve Maddock-Jones
clock • 1 min read

The Gresham House Energy Storage fund (GRID) has embarked on a share buyback programme, after it announced it was suspending its Q4 2023 dividend yesterday (1 February).

GRID said it would not be paying out its final dividend for 2023, after a challenging year for batteries' revenue meant it was unable to cover the cost. The board is set to recalibrate the trust's dividend target for 2024 and the dividend policy on an ongoing basis. A further announcement is expected before the publication of its annual results in April. Gresham House Energy Storage scraps Q4 dividend and outlines share buyback plans As an alternative, the board is commencing a share buyback programme, which it will review on an ongoing basis "in the context of its capital allocati...

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