Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Down 0.3% – Here’s What Happened

Posted by Anthony Miller on Jan 11th, 2025

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORIT – Get Free Report) dropped 0.3% during mid-day trading on Thursday . The company traded as low as GBX 66 ($0.81) and last traded at GBX 66.30 ($0.81). Approximately 708,296 shares traded 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 Trading Down 1.4 %

The business has a 50 day moving average price of GBX 69.91 and a 200 day moving average price of GBX 74.39. The company has a market capitalization of £367.36 million, a P/E ratio of 2,179.17 and a beta of 0.15.

Octopus Renewables Infrastructure Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Shareholders 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 currently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

(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.