Downing Renewables & Infrastructure (LON:DORE) Trading 0.3% Higher

Downing Renewables & Infrastructure (LON:DORE) traded up 0.3% during trading on Thursday . The stock traded as high as GBX 79.35 ($1.00) and last traded at GBX 79 ($1.00). 190,621 shares were traded during trading, a decline of 15% from the average session volume of 223,678 shares. The stock had previously closed at GBX 78.80 ($1.00).

Downing Renewables & Infrastructure Price Performance

The stock has a market cap of £144.49 million and a P/E ratio of 1,316.67. The company has a fifty day moving average price of GBX 77.05 and a 200 day moving average price of GBX 81.11.

Downing Renewables & Infrastructure Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were issued a dividend of GBX 1.45 ($0.02) per share. This is an increase from Downing Renewables & Infrastructure’s previous dividend of $1.35. The ex-dividend date of this dividend was Thursday, May 30th. This represents a dividend yield of 1.86%. Downing Renewables & Infrastructure’s payout ratio is currently 8,333.33%.

Insider Activity

In related news, insider Hugh W. M. Little bought 45,955 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of GBX 75 ($0.95) per share, with a total value of £34,466.25 ($43,595.05). Corporate insiders own 25.82% of the company’s stock.

Downing Renewables & Infrastructure Company Profile

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.