Equatorial Energia SA (EQUEY) recently announced a dividend of $0.01 per share, payable on 2024-06-14, with the ex-dividend date set for 2024-06-10. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Equatorial Energia SAs dividend performance and assess its sustainability.
Brazilian energy company Equatorial Energia said on Wednesday it has agreed to sell power transmission subsidiary Intesa to Infraestrutura e Energia Brasil SA for an enterprise value of up to 714 million reais ($141.85 million). That includes an equity value of 396 million reais, of which 319 million will be paid upon closing of the transaction and the rest as earn-out, and a net debt of about 318 million reais, Equatorial said in a securities filing.