Octopus Renewables Infrastructure Trust (LON:ORIT) Stock Price Down 0.3% - Should You Sell?

Shares of Octopus Renewables Infrastructure Trust plc (LON:ORIT - Get Free Report) fell 0.3% during trading on Thursday . The company traded as low as GBX 66 ($0.81) and last traded at GBX 66.30 ($0.81). 708,296 shares traded hands during mid-day trading, a decline of 20% from the average session 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 firm has a market cap of £367.36 million, a P/E ratio of 2,179.17 and a beta of 0.15. The firm's fifty day moving average is GBX 69.91 and its two-hundred day moving average is GBX 74.39.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently disclosed 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 was Thursday, November 14th. This represents a yield of 1.93%. Octopus Renewables Infrastructure Trust's dividend payout ratio (DPR) is presently 20,000.00%.

Octopus Renewables Infrastructure Trust Company Profile

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.