Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 0.3% – Here’s What Happened

Octopus Renewables Infrastructure Trust plc (LON:ORIT) shares dropped 0.3% during mid-day trading on Thursday . The company traded as low as GBX 66 ($0.81) and last traded at GBX 66.30 ($0.82). Approximately 708,296 shares traded hands during trading, a decline of 20% from the average daily volume of 881,244 shares. The stock had previously closed at GBX 66.50 ($0.82).

Octopus Renewables Infrastructure Trust Stock Performance

The firm’s 50 day simple moving average is GBX 70.16 and its 200 day simple moving average is GBX 74.43. The firm has a market capitalization of £372.55 million, a price-to-earnings ratio of 2,210.00 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust’s dividend payout ratio is presently 20,000.00%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia.