Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 1-Year Low – Here’s What Happened

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

Octopus Renewables Infrastructure Trust Stock Down 0.3 %

The business’s fifty day moving average price is GBX 68.03 and its 200 day moving average price is GBX 73.94. The firm has a market capitalization of £362.44 million, a PE ratio of 2,150.00 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. Shareholders of record on Thursday, November 14th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust’s payout ratio is currently 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.