Toronto, Ontario, March 06, 2024 – In a significant announcement, Capstone Infrastructure Corporation (TSX: CSE.PR.A) revealed its financial achievements for the fourth quarter and the fiscal year ended December 31, 2023. The company, known for its dedication to low-carbon energy solutions across North America, shared its success through detailed financial documents and declared an upcoming dividend for its shareholders.
Financial Highlights and Dividend Declaration
The detailed financial results, including the Management’s Discussion and Analysis (MD&A) and audited consolidated financial statements, underscore Capstone’s strong performance in the last quarter of 2023. The documents, accessible on Capstone’s website and SEDAR Plus, detail the Results of Operations and provide a Financial Position Review for the concluded quarter. Furthermore, the Board of Directors has declared a quarterly dividend of $0.2314 per Cumulative Five-Year Rate Reset Preferred Share, Series A, to be paid in late April 2024, reinforcing Capstone’s commitment to returning value to its shareholders.
Driving the Energy Transition Forward
Capstone Infrastructure stands at the forefront of the energy transition, with a portfolio that spans approximately 824 MW gross installed capacity across 31 facilities. These include a diverse mix of wind, solar, hydro, biomass, and natural gas power plants. The company’s unwavering commitment to creative thinking, quality, integrity, and strong partnerships has established it as a key player in developing and operating clean and renewable energy projects in North America.
Forward-Looking Statements and Future Prospects
While Capstone’s announcement includes forward-looking statements based on current expectations, these are subject to various risks and uncertainties that could affect future results. Nonetheless, these statements reflect the company’s optimistic outlook and strategic plans for continuing its growth trajectory and enhancing its contributions to a low-carbon future. As Capstone continues to evolve, it remains steadfast in its commitment to diversity, equity, and inclusion, fostering a rewarding work environment for its team of over 20 finance professionals and broader workforce.
With this latest financial disclosure and dividend announcement, Capstone Infrastructure Corporation not only showcases its financial health but also reaffirms its role as a pivotal force in the renewable energy sector. As the company progresses, its strategic initiatives and commitment to sustainability are poised to further cement its position as a leader in generating a cleaner, more sustainable future.