Pattern Energy Q4 Loss Widens; Declares Increased Dividend - Quick Facts

(RTTNews) - Pattern Energy Group Inc. (PEGI, PEG.TO) posted fourth-quarter net loss attributable to common stockholders of $43.2 million or $0.36 per Class A share, wider than $24.4 million or $0.17 per Class A share in the comparable quarter last year.

Revenue for the latest fourth quarter was $79.42 million, up from $41.77 million in the prior year period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.07 per share on revenue of $74.22 million for the quarter. Analysts' estimates typically exclude special items.

Pattern Energy declared an increased dividend for the first quarter 2015, payable on April 30, 2015, to holders of record on March 31, 2015, in the amount of $0.342 per Class A share, which represents $1.368 on an annualized basis. This is a 2% increase from the fourth quarter 2014 dividend of $0.335.