Downing Renewables & Infrastructure (LON:DORE) Shares Down 0.6% – Here’s Why

Downing Renewables & Infrastructure (LON:DORE)’s share price dropped 0.6% during mid-day trading on Thursday . The company traded as low as GBX 79.60 ($0.98) and last traded at GBX 80 ($0.98). Approximately 81,732 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 171,004 shares. The stock had previously closed at GBX 80.50 ($0.99).

Downing Renewables & Infrastructure Price Performance

The business’s 50 day moving average is GBX 79.67 and its 200-day moving average is GBX 79.88. The company has a market cap of £146.32 million and a PE ratio of 1,333.33.

Downing Renewables & Infrastructure Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 28th were paid a dividend of GBX 1.45 ($0.02) per share. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 1.77%. Downing Renewables & Infrastructure’s payout ratio is currently 8,333.33%.

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.