Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 52-Week Low – Here’s Why

Octopus Renewables Infrastructure Trust plc (LON:ORIT) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 65 ($0.82) and last traded at GBX 65.50 ($0.83), with a volume of 3010027 shares. The stock had previously closed at GBX 66.40 ($0.84).

Octopus Renewables Infrastructure Trust Trading Down 1.4 %

The company has a market capitalization of £368.06 million, a PE ratio of 2,213.33 and a beta of 0.15. The business has a fifty day moving average of GBX 74.59 and a 200 day moving average of GBX 75.12.

Octopus Renewables Infrastructure Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 1.93%. The ex-dividend date was Thursday, November 14th. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is currently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2022, it owned a portfolio of 36 renewable energy assets covering the operational capacity of 662 MW.