Enviva Declares Quarterly Dividend

Source: www.gulfoilandgas.com 2/3/2022, Location: North America

Enviva Inc. announced that the board of directors declared a quarterly dividend of $0.86 per common share for the fourth quarter of 2021, resulting in an annual dividend for 2021 of $3.30. The fourth quarter of 2021 dividend represents a 10.3% increase from the fourth quarter of 2020. The quarterly dividend will be paid on Friday, February 25, 2022 to shareholders of record as of the close of business Monday, February 14, 2022.

“We are very proud of Enviva’s proven business model and its rare combination of visible, durable, long-term contracted cash flows and a high-growth, pure-play ESG outlook,” said John Keppler, Chairman and Chief Executive Officer. “With our conversion from a master limited partnership now complete, we are extremely excited to announce our first dividend as a regular-way corporation. Our 2021 dividend of $3.30 per share is consistent with our previously issued guidance, and we are maintaining our full-year 2022 dividend guidance of $3.62 per share, which represents an increase of approximately 10% over 2021.”

Keppler continued, “As global efforts to decarbonize continue to accelerate, the growth opportunities ahead for us have never been greater and we look forward to continuing to stably and consistently deliver superior shareholder returns over time. We are truly just getting started.”


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