Close Your Hannon Armstrong Position
At the end of October, I recommended a short-term position in Hannon Armstrong Sustainable Infrastructure Capital Corp. (NYSE: HASI). The goal of the trade was to profit from a share price increase when a higher dividend was announced. HASI announced an 18% increase, and HASI went ex-dividend on the new $0.26 dividend rate on December 17.
While I like HASI as a long-term hold just as we have it in The Dividend Hunter, for 30 Day Dividends I am looking for shorter term gains producing higher average annual returns. The HASI share price is now 2.6% above the $13.84 entry value and the dividend adds another 1.9% for a 4.5% return in about 50 days. The final results of the HASI trade recommendation will be updated using today’s, December 19, closing price.
Trade: Sell HASI at about $14.20 to close position.