HICL Infrastructure (LON:HICL) Hits New 12-Month Low – Here’s Why

HICL Infrastructure PLC (LON:HICL) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 117.60 ($1.49) and last traded at GBX 117.70 ($1.50), with a volume of 707346 shares changing hands. The stock had previously closed at GBX 118.20 ($1.50).

HICL Infrastructure Trading Down 0.2 %

The company has a 50-day simple moving average of GBX 124.92 and a 200 day simple moving average of GBX 125.56. The company has a market cap of £2.38 billion, a P/E ratio of 5,910.45 and a beta of 0.30.

HICL Infrastructure Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a GBX 2.06 ($0.03) dividend. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 21st. HICL Infrastructure’s payout ratio is presently 40,000.00%.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.