Ecofin Global Utilities ... Dividends - EGL

Ecofin Global Utilities ... Dividends - EGL

Stock Name Stock Symbol Market Stock Type
Ecofin Global Utilities And Infrastructure Trust Plc EGL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 208.00 16:27:48
Open Price Low Price High Price Close Price Previous Close
212.00 207.00 214.00 208.00 208.00
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Industry Sector

Ecofin Global Utilities ... EGL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 06/4/2020 18:22 by 18bt
A few other companies in EGL’s universe have communicated on their dividends andweareadjustingourownforecaststoo. There is a high probability of a delay for some dividends –given several companies have announced the postponement of their AGMs and this will likely trigger the postponement of dividend payments too –but we believe a majority of portfolio holdings will still be able to pay their dividends before the end of September (EGL’s fiscal year-end). The risk to dividends in EGL’s portfolio should be amongst companies highly exposed to industrial contracts (e.g., environmental service groups) and for transportation infrastructure groups (roads and airports). For these names, we have reduced our base-case assumptions for dividends for this year and have trimmed (Suez) or exited (Veolia) some positions. While utilities –especially regulated businesses butalso many diversified integrated ones–should not need to alter their dividend policies as cash flow/debt service payments and dividend cover ratios are generally comfortable, there is nonetheless sufficient uncertainty in the business outlook for caution. Also, as we are seeing in France, political intervention to suppress dividends in certain sectors/companies, including where the state is a shareholder, is becoming a factor: EDF’s and Engie’s dividends for 2019 (due to be paid in 2020) have just been cancelled. Taking all of this in to account, we expect to implement some further changes to the portfolio to preserve the level of dividend income receipts this year.
Posted at 23/1/2020 10:18 by speedsgh
A welcome tick up in the quarterly dividend payment to 1.65p (6.60p annualised)...

Dividend Declaration - HTTPS://

Posted at 11/10/2019 14:39 by spectoacc
Been selling. EGL been a crazy ride for me, since ECWO days. Bought more - a lot more - on the split, sold some on the bounce, bought more lower, didn't sell on the small bounce, sold some way lower, cursed :) But overall been great, had fat divi and now out for tidy gain, just a small number left.

Why sell now? Discount, in a word. NAV been stalling in mid-170s, 174.73 yesterday (ie from day before), 173.92 today (ie yesterday), & will be lower tomorrow (ie today's) due to � bounce on possible Brexit deal. So say 172.5p tomorrow (through no fault of EGL's), and there's my 10p discount as mentioned above.

Hope to be back if/when it widens out again, but good luck all holders.

Posted at 01/10/2019 14:12 by spectoacc
Only just got round to his ST piece, was only a short mention at the end (bigger article on CityWire last week). Basically saying 23% of EGL is in renewables, and that renewables ITs trade on an average 14% premium.

Whatever it's now in, and whatever it's doing, it's finally doing alright - NAV has been on a tear.

Posted at 01/10/2019 13:21 by spectoacc
Slotted a few 162.5 but the MMs somewhat ungenerous with the prices, considering the number of buys.

Also note the NAV ticked up again - 175.8p - a long way from the "old" EGL, let alone ECWO.

Posted at 01/10/2019 09:32 by spectoacc
@konkei - can't go bust taking a profit :) I'd usually sell into a tip too, but the NAV rise is (mostly) keeping me interested atm. Seems EGL really has become a different beast at last.
Posted at 30/9/2019 18:09 by spectoacc
Today's NAV RNS (ie Friday's) 175p, EGL aren't expensive IMO. I'd usually sell into a tip but the trust getting more "infrastructury", and not UK infrastructure, suggests it ought to be closer to NAV IMO.

The charges have always been a pain tho.

Posted at 24/6/2019 10:07 by wskill
Now £1.63p like a rocket well for EGL anyway excellent .
Posted at 23/5/2019 11:46 by wskill
NAV looking good £1.55 but with 95% of investments in utilities outside the UK it is to be expected EGL will outperform UK based utilities with mr corbyn and macdonald looking to win the next election.

The charge is too high though 1.25% will look for one with a lower charge with a view to selling here .

Posted at 03/12/2018 14:47 by speedsgh
Acquisition of Ecofin Ltd by Tortoise Investments - HTTPS://

Ecofin Global Utilities and Infrastructure Trust plc ("the Company" or "EGL") announces the acquisition of its Investment Manager, Ecofin Limited, by Tortoise Investments, LLC.

Tortoise Investments, based in Kansas City, owns a family of investment management firms (collectively "Tortoise") which manage approximately US$20 billion including five New York Stock Exchange listed closed-end investment funds. Tortoise invests in essential assets and services which serve fundamental needs in society and clients' portfolios, such as diversification and income.

"Tortoise should prove to be a great resource for EGL as it has important expertise managing closed-end funds in the US with a strong focus on income distribution. Tortoise's experience investing in energy infrastructure will bring valuable additional insights, especially in expanding our research on the North American investment universe," said David Simpson, Chairman of EGL. "We are also pleased that the day-to-day management of the Company's portfolio will remain the same." Mr. Simpson's comments were echoed by Jean-Hugues de Lamaze, Senior Portfolio Manager for EGL. "We look forward to joining the Tortoise team. Tortoise's long history investing in energy infrastructure will complement our broad infrastructure expertise and research."

Kevin Birzer, Chief Executive Officer of Tortoise concluded: "We are thrilled to expand our focus globally and delighted that Ecofin's talented team will be joining Tortoise. We are very committed to helping Jean-Hugues and the rest of the Ecofin team continue to deliver a strong investment proposition and superior client service to EGL shareholders. Our culture is one that thrives on diverse ideas, viewpoints, opinions and backgrounds and the addition of our newest team members in London aligns perfectly with that mission."

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