Octopus Renewables Infrastructure Trust (LON:ORIT) Sets New 52-Week Low – Here’s Why

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 65 ($0.82) and last traded at GBX 65.50 ($0.83), with a volume of 3010027 shares traded. The stock had previously closed at GBX 66.40 ($0.84).

Octopus Renewables Infrastructure Trust Price Performance

The stock has a market cap of £368.06 million, a price-to-earnings ratio of 2,213.33 and a beta of 0.15. The business’s 50 day moving average is GBX 74.59 and its 200 day moving average is GBX 75.12.

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 given a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 1.93%. Octopus Renewables Infrastructure Trust’s dividend payout ratio is currently 20,000.00%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2022, it owned a portfolio of 36 renewable energy assets covering the operational capacity of 662 MW.