Octopus Renewables Infrastructure Trust (LON:ORIT) Trading Down 2.6%

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORITGet Rating) were down 2.6% during trading on Thursday . The stock traded as low as GBX 105.60 ($1.25) and last traded at GBX 105.60 ($1.25). Approximately 623,085 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 991,720 shares. The stock had previously closed at GBX 108.40 ($1.28).

Octopus Renewables Infrastructure Trust Trading Down 2.6 %

The firm’s 50 day simple moving average is GBX 104.52 and its 200 day simple moving average is GBX 109.20. The firm has a market cap of £596.56 million and a PE ratio of 586.67.

Octopus Renewables Infrastructure Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 10th will be given a GBX 1.31 ($0.02) dividend. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 10th. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is currently 28.11%.

Insiders Place Their Bets

In other Octopus Renewables Infrastructure Trust news, insider Philip Austin acquired 14,489 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were purchased at an average cost of GBX 103 ($1.22) per share, for a total transaction of £14,923.67 ($17,646.53).

About Octopus Renewables Infrastructure Trust

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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, 2021, it owned a portfolio of 31 renewable energy assets covering the operational capacity of 290 MW.

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