Downing Renewables & Infrastructure (LON:DORE) Trading Up 3.4% – Here’s Why

Downing Renewables & Infrastructure (LON:DORE) traded up 3.4% during mid-day trading on Wednesday . The stock traded as high as GBX 79.60 ($1.00) and last traded at GBX 79.60 ($1.00). 69,396 shares were traded during mid-day trading, a decline of 78% from the average session volume of 316,174 shares. The stock had previously closed at GBX 77 ($0.97).

Downing Renewables & Infrastructure Price Performance

The firm has a 50-day simple moving average of GBX 81.58 and a 200 day simple moving average of GBX 79.86. The company has a market capitalization of £140.83 million and a PE ratio of 1,283.33.

Downing Renewables & Infrastructure Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 28th will be issued a dividend of GBX 1.45 ($0.02) per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.77%. Downing Renewables & Infrastructure’s payout ratio is currently 8,333.33%.

Downing Renewables & Infrastructure Company Profile

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.