Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 0.3% – Time to Sell?

Posted by Lisa Durand on Jan 11th, 2025

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

Octopus Renewables Infrastructure Trust Stock Down 1.4 %

The company has a market capitalization of £367.36 million, a P/E ratio of 2,179.17 and a beta of 0.15. The business has a fifty day moving average price of GBX 69.91 and a 200 day moving average price of GBX 74.39.

Octopus Renewables Infrastructure Trust Cuts Dividend

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

About Octopus Renewables Infrastructure Trust

(Get Free Report)

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.