Foresight Solar Fund's Toby Virno on 10% yield & rate cuts impact

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1d ago 5:11

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Foresight Solar Fund Ltd's Toby Virno talked with Proactive's Stephen Gunnion about the company’s income performance, interest rate impacts, and strategic direction. Virno highlighted that since its IPO, the company has consistently paid a growing dividend and currently offers a yield of around 10% at prevailing share prices. "We've never missed a payment," he noted, reinforcing the company's income reliability. He addressed the macroeconomic outlook, including the Bank of England’s potential interest rate cuts, saying this environment could support growth by driving electricity demand. Importantly, he explained that Foresight Solar’s share price historically correlates with UK government bond yields, meaning falling rates may positively impact valuation. Foresight Solar has taken measures to narrow the discount to net asset value, including enhancing its dividend and deploying a proprietary development pipeline. Virno stated the pipeline includes nearly one gigawatt under development globally, which offers opportunities for capital growth through development, construction, and operations. The investment strategy stands on four pillars: income and growth, geographic diversification, operational excellence, and specialist management through Foresight Group. “Operational portfolio will continue to generate revenue … distributed to shareholders in the form of quarterly dividends,” Virno said. For more updates from energy and infrastructure leaders, visit Proactive's YouTube channel. Don't forget to like this video, subscribe, and enable notifications so you never miss a new release. #ForesightSolar #RenewableEnergy #DividendInvesting #InterestRates #GreenInfrastructure #TobyVirno #SolarEnergy #SustainableInvesting #EnergyStocks #IncomeGrowth

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