Triple Point Energy Transition (LON:TENT) Shares Up 9.3% After Dividend Announcement

Shares of Triple Point Energy Transition (LON:TENT) traded up 9.3% on Monday following a dividend announcement from the company. The stock traded as high as GBX 65.80 ($0.83) and last traded at GBX 65.56 ($0.83). 348,485 shares were traded during mid-day trading, an increase of 137% from the average session volume of 146,873 shares. The stock had previously closed at GBX 59.97 ($0.76).

The newly announced dividend which will be paid on Friday, July 19th. Investors of record on Thursday, July 4th will be issued a GBX 1.38 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This represents a dividend yield of 2.25%.

Triple Point Energy Transition Stock Performance

The company’s 50 day moving average price is GBX 63.48 and its 200-day moving average price is GBX 64.95. The stock has a market cap of £67.31 million, a P/E ratio of 700.00 and a beta of 0.27.

About Triple Point Energy Transition

Triple Point Energy Transition plc invests in energy system projects in the United Kingdom and rest of Europe. It focuses on investments in low carbon decentralised energy generation, energy storage and distribution, and onsite energy generation and low carbon consumption. The company was formerly known as Triple Point Energy Efficiency Infrastructure Company plc and changed its name to Triple Point Energy Transition plc in August 2022.