Downing Renewables & Infrastructure (LON:DORE) Trading Down 0.6% – Should You Sell?

Downing Renewables & Infrastructure (LON:DORE) dropped 0.6% during trading on Thursday . The company traded as low as GBX 79.60 ($0.98) and last traded at GBX 80 ($0.98). Approximately 81,732 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 171,004 shares. The stock had previously closed at GBX 80.50 ($0.99).

Downing Renewables & Infrastructure Stock Down 0.6 %

The firm has a market cap of £146.32 million and a price-to-earnings ratio of 1,333.33. The stock has a 50 day moving average of GBX 79.67 and a 200 day moving average of GBX 79.88.

Downing Renewables & Infrastructure Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 28th were issued a dividend of GBX 1.45 ($0.02) per share. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, November 28th. Downing Renewables & Infrastructure’s dividend payout ratio (DPR) is presently 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.