Following higher-than-expected losses in the first quarter of 2023, management of US pellet producer Enviva Inc. (Bethesda, Maryland) has resolved to stop paying quarterly dividends from 2023 to 2026. This is intended to generate additional cash flow of approximately US$1bn for the four-year period. A further share ...
Enviva cancels dividend, share price plummets 68%
Pellet sales up / gross margin drops from US$46/t to around US$18/t
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