Key Highlights

  • HASI's $0.425 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 16 to stockholders of record.
  • Second-quarter GAAP EPS was $0.92 versus $0.74, and Adjusted EPS, a non-GAAP measure, was $0.75 versus $0.60.
  • Adjusted Recurring Net Investment Income was $107 million, up 26%, and managed assets reached $17.6 billion, up 20%.
  • 2028 Adjusted EPS guidance was raised to $3.55 to $3.65 from $3.50 to $3.60.

Overview

HA Sustainable Infrastructure Capital, Inc.'s (NYSE:HASI) $0.425 quarterly dividend yields 4.78% and sits beside second-quarter GAAP EPS of $0.92 and Adjusted EPS of $0.75. The company announced the dividend with its second-quarter results on August 6, 2026, at the same $0.425 declared in February for the April payment and paid in July.

Dividend Program and Shareholder Returns

HASI's Board declared a quarterly cash dividend of $0.425 per share, payable October 16, 2026 to stockholders of record as of October 2.

The February 12, 2026 declaration of $0.425 was paid April 17 to stockholders of record April 2, and a $0.425 dividend was paid July 10 to stockholders of record July 2. In its second-quarter presentation, the company restated its targets for the payout ratio to fall below 50% by 2028 and below 40% by 2030.

About the Company

HASI is an investor in sustainable infrastructure assets advancing the energy transition. Its investments are diversified across utility-scale solar, storage and onshore wind, distributed solar and storage, RNG and energy efficiency. The company is listed on the New York Stock Exchange and reports managed assets of $17.6 billion.

Financial Performance Behind the Payout

HASI reported second-quarter GAAP EPS of $0.92 versus $0.74 and Adjusted EPS of $0.75 versus $0.60. For the first six months, GAAP EPS was $0.43 versus $1.18, and Adjusted EPS was $1.52 versus $1.23.

GAAP income was driven by total revenue of $121 million and income from equity method investments of $179 million, partly offset by total expenses of $111 million and income tax expense of $57 million. GAAP-based net investment income was $9.9 million. Adjusted Recurring Net Investment Income was $107 million, and Adjusted Earnings were $99 million versus $75 million.

GAAP ROE was 20.3%, and Adjusted ROE was 15.2%. Managed assets rose 20% to $17.6 billion, and the portfolio reached $8.2 billion.

Adjusted Earnings and GAAP Equity Method Accounting

HASI recognized a $70 million GAAP impairment loss on two equity method investments to reflect changes in assumptions, including the current market discount rate. The company accounts for these equity method investments under GAAP using the HLBV method.

Adjusted Income from Equity Method Investments was $98 million versus $79 million. The company closed more than $1.4 billion of balance sheet and CCH1 transactions year to date, with new asset yields above 11%. Assets at CCH1 reached $2.9 billion.

Outlook

HASI raised 2028 Adjusted EPS guidance to $3.55 to $3.65 and maintained Adjusted ROE guidance of at least 17.0% in 2028. Its 2026 target is $2 billion to $3 billion of new balance sheet or CCH1 transactions. New asset yields, CCH1 growth and the gap between GAAP and Adjusted results are the measures reported alongside that guidance.