Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET
Company Participants
Neha Gaddam - Senior Director, Investor Relations & Corporate Finance
Jeff Eckel - Chairman & Chief Executive Officer
Jeff Lipson - Chief Financial Officer & Chief Operating Officer
Marc Pangburn - Executive Vice President & Co-Chief Investment Officer
Conference Call Participants
Noah Kaye - Oppenheimer
Chris Souther - B. Riley
Mark Strauss - JPMorgan
Operator
Greetings. Welcome to the Hannon Armstrong Fourth Quarter and Full Year Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Neha Gaddam, Senior Director, Investor Relations and Corporate Finance.
Neha Gaddam
Thank you, operator. Good afternoon everyone and welcome. Earlier this afternoon, Hannon Armstrong distributed a press release detailing our fourth quarter and full year 2022 results. A copy of which is available on our website. This conference call is being webcast live on our Investor Relations' page of our website, where a replay will be available later today.
Some of the comments made in this call are forward-looking statements, which are subject to the risks and uncertainties described in the risk factors section of the company's Form 10-K and other filings with the SEC.
Actual results may differ materially from those stated. Today's discussions also include some non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is available on our posted earnings release and slide presentation.
Joining me on today's call are Jeff Eckel, the company's Chairman and CEO; and Jeff Lipson, CFO and COO; and Marc Pangburn, Executive Vice President and Co-Chief Investment Officer
Before turning the call over to Jeff, I'd like to announce that we are hosting an Investor Day on March 21st, during which we will discuss the company in more detail and allow investors and analysts to meet more members of our leadership team. More details on the event will be forthcoming.
With that, I'd like to turn the call over to Jeff, who will begin on slide three. Jeff?
Jeff Eckel
Thank you, Neha, and good afternoon, everyone. I'm pleased to report that company continues to execute in 2022 with distributable earnings of $2.08 per share, up 11% year-over-year. We reaffirm our guidance for annual growth and distributable EPS of 10% to 13% through 2024 and 5% to 8% annual growth in our dividend for the same period. Our Board has declared a quarterly dividend of $0.395 per share, an increase of 5.3%. Please note that growing earnings faster than the dividend is intentional, in order to provide more retain capital for the growth and investments we are anticipating.