The Renewables Infrastructure Group (LON:TRIG) Stock Passes Above 50 Day Moving Average of $104.72

The Renewables Infrastructure Group Limited (LON:TRIG)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 104.72 ($1.29) and traded as high as GBX 112.60 ($1.38). The Renewables Infrastructure Group shares last traded at GBX 110 ($1.35), with a volume of 5,019,807 shares traded.

The Renewables Infrastructure Group Stock Performance

The firm has a market cap of £2.73 billion, a P/E ratio of 523.81 and a beta of 0.11. The company has a 50-day moving average of GBX 104.72 and a 200 day moving average of GBX 111.75.

The Renewables Infrastructure Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 9th will be given a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.74%. The Renewables Infrastructure Group’s dividend payout ratio (DPR) is presently 3,333.33%.

About The Renewables Infrastructure Group

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia.