Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 12-Month Low – Here’s Why

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORIT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 62.80 ($0.78) and last traded at GBX 64.10 ($0.79), with a volume of 1077789 shares traded. The stock had previously closed at GBX 63.30 ($0.78).

Octopus Renewables Infrastructure Trust Stock Performance

The firm has a market capitalization of £362.44 million, a price-to-earnings ratio of 2,150.00 and a beta of 0.15. The firm has a fifty day moving average price of GBX 68.03 and a 200 day moving average price of GBX 73.94.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given 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 payout ratio is currently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

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.