Octopus Renewables Infrastructure Trust (LON:ORIT) Stock Price Down 0.3% – Here’s Why

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORIT) dropped 0.3% during trading on Thursday . The company traded as low as GBX 66 ($0.81) and last traded at GBX 66.30 ($0.82). Approximately 708,296 shares were traded during trading, a decline of 20% from the average daily volume of 881,244 shares. The stock had previously closed at GBX 66.50 ($0.82).

Octopus Renewables Infrastructure Trust Trading Down 0.3 %

The firm has a market capitalization of £372.55 million, a PE ratio of 2,210.00 and a beta of 0.15. The firm has a 50-day moving average of GBX 70.16 and a two-hundred day moving average of GBX 74.43.

Octopus Renewables Infrastructure Trust Cuts Dividend

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

Octopus Renewables Infrastructure Trust Company Profile

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.