Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

Green Plains Renewable Energy's New Dividend And Its Sustainability

Executive Summary:

Independent corn ethanol producer Green Plains Renewable Energy announced its first cash dividend yesterday, with a forward yield of 0.98%. This new dividend reflects both the company's strength relative to its peers as well as reduced opportunities for growth in the industry. Its strong balance sheet and the continued existence of the revised Renewable Fuel Standard moving forward will help ensure the sustainability of the dividend.

In a little-heralded announcement released yesterday, independent corn ethanol producer Green Plains Renewable Energy (NASDAQ:GPRE) declared its first quarterly dividend:

"We are pleased to announce the first cash dividend to our shareholders in the Company's history," stated Todd Becker, President and Chief Executive Officer. "With four consecutive years of...
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