Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Hits New 12-Month High After Dividend Announcement

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s share price hit a new 52-week high during trading on Friday following a dividend announcement from the company. The stock traded as high as GBX 204 ($2.65) and last traded at GBX 199 ($2.58), with a volume of 330039 shares. The stock had previously closed at GBX 196 ($2.54).

The newly announced dividend which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be issued a GBX 2.05 ($0.03) dividend. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, October 31st. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio is -4,444.44%.

Ecofin Global Utilities and Infrastructure Trust Stock Up 1.5 %

The company has a market capitalization of £220.59 million, a P/E ratio of -1,105.56 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.04 and a debt-to-equity ratio of 9.44. The stock’s fifty day moving average is GBX 190.61 and its 200 day moving average is GBX 183.71.

Insider Buying and Selling at Ecofin Global Utilities and Infrastructure Trust

In other news, insider David Simpson sold 546 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of GBX 183 ($2.38), for a total transaction of £999.18 ($1,297.30). Corporate insiders own 0.75% of the company’s stock.

About Ecofin Global Utilities and Infrastructure Trust

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.