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% on Thursday . The stock traded as low as GBX 66 ($0.81) and last traded at GBX 66.30 ($0.82). 708,296 shares changed hands 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 Trading Down 0.3 %

The stock has a 50-day simple moving average of GBX 70.16 and a 200 day simple moving average of GBX 74.43. The stock has a market capitalization of £372.55 million, a price-to-earnings ratio of 2,210.00 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

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