SDCL Energy Efficiency Income Trust (LON:SEIT) Trading Down 0.1% – Should You Sell?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT)’s share price was down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 50.11 ($0.63) and last traded at GBX 50.47 ($0.64). Approximately 1,492,418 shares changed hands during trading, a decline of 41% from the average daily volume of 2,544,561 shares. The stock had previously closed at GBX 50.50 ($0.64).

SDCL Energy Efficiency Income Trust Price Performance

The company has a market capitalization of £552.36 million, a PE ratio of -9.75 and a beta of 0.48. The business’s 50 day simple moving average is GBX 52.95 and its 200 day simple moving average is GBX 57.41.

SDCL Energy Efficiency Income Trust Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a dividend of GBX 1.58 ($0.02) per share. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 3.16%. SDCL Energy Efficiency Income Trust’s dividend payout ratio is currently -115.96%.

About SDCL Energy Efficiency Income Trust

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent.