Bluefield Solar Income Fund (LON:BSIF) Reaches New 12-Month Low – Here’s What Happened

Shares of Bluefield Solar Income Fund (LON:BSIF) hit a new 52-week low on Wednesday . The stock traded as low as GBX 96.70 ($1.24) and last traded at GBX 96.70 ($1.24), with a volume of 2307794 shares changing hands. The stock had previously closed at GBX 98 ($1.26).

Bluefield Solar Income Fund Stock Performance

The firm’s 50-day moving average price is GBX 105.62 and its two-hundred day moving average price is GBX 106.45. The stock has a market cap of £584.76 million, a price-to-earnings ratio of 326.67 and a beta of 0.14.

Bluefield Solar Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 2%. Bluefield Solar Income Fund’s payout ratio is 3,000.00%.

Bluefield Solar Income Fund Company Profile

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments.