Octopus Renewables Infrastructure Trust (LON:ORIT) Stock Price Up 0.3% – Still a Buy?

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price was up 0.3% during mid-day trading on Friday . The stock traded as high as GBX 80.30 ($1.05) and last traded at GBX 78.70 ($1.03). Approximately 486,771 shares were traded during trading, a decline of 63% from the average daily volume of 1,310,935 shares. The stock had previously closed at GBX 78.50 ($1.03).

Octopus Renewables Infrastructure Trust Stock Up 0.3 %

The company has a market cap of £442.23 million, a price-to-earnings ratio of 2,623.33 and a beta of 0.15. The company’s fifty day moving average price is GBX 78.17 and its two-hundred day moving average price is GBX 74.34.

Octopus Renewables Infrastructure Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a GBX 1.51 ($0.02) dividend. This represents a yield of 1.98%. This is a positive change from Octopus Renewables Infrastructure Trust’s previous dividend of $1.50. The ex-dividend date of this dividend was Thursday, August 15th. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is presently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2022, it owned a portfolio of 36 renewable energy assets covering the operational capacity of 662 MW.