Octopus Renewables Infrastructure Trust (LON:ORIT) Reaches New 1-Year Low – What’s Next?

Octopus Renewables Infrastructure Trust plc (LON:ORIT) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 62.80 ($0.77) and last traded at GBX 64.10 ($0.79), with a volume of 1077789 shares changing hands. The stock had previously closed at GBX 63.30 ($0.78).

Octopus Renewables Infrastructure Trust Stock Up 1.3 %

The firm has a 50-day moving average of GBX 68.47 and a two-hundred day moving average of GBX 74.06. The company has a market capitalization of £360.19 million, a PE ratio of 2,136.67 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

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

Octopus Renewables Infrastructure Trust Company Profile

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.