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

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

Octopus Renewables Infrastructure Trust Trading Down 1.4 %

The stock has a 50 day simple moving average of GBX 69.91 and a 200-day simple moving average of GBX 74.39. The firm has a market capitalization of £367.36 million, a P/E ratio of 2,179.17 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Investors 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 dividend yield of 1.93%. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is presently 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.