NRG Yield Inc. increased its first-quarter 2018 dividend to 29.8 cents per class A and class C common shares, an increase of about 3.47% over the fourth-quarter 2017 dividend of 28.8 cents per share.

The dividend, which equates to $1.19 per share on an annualized basis, is payable March 15 to shareholders of record March 1, according to a Feb. 15 news release.