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

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

Octopus Renewables Infrastructure Trust Price Performance

The stock has a market cap of £372.55 million, a price-to-earnings ratio of 2,210.00 and a beta of 0.15. The company’s fifty day moving average price is GBX 70.16 and its 200-day moving average price is GBX 74.43.

Octopus Renewables Infrastructure Trust Cuts Dividend

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

About Octopus Renewables Infrastructure Trust

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.