Downing Renewables & Infrastructure (LON:DORE) Trading 2.9% Higher

Downing Renewables & Infrastructure (LON:DORE) shares rose 2.9% during mid-day trading on Thursday . The stock traded as high as GBX 77.40 ($0.96) and last traded at GBX 75.70 ($0.94). Approximately 51,560 shares were traded during trading, a decline of 73% from the average daily volume of 188,363 shares. The stock had previously closed at GBX 73.60 ($0.91).

Downing Renewables & Infrastructure Stock Performance

The firm has a market cap of £138.46 million and a P/E ratio of 1,261.67. The business’s 50-day simple moving average is GBX 79.32 and its 200 day simple moving average is GBX 86.05.

Downing Renewables & Infrastructure Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a GBX 1.35 ($0.02) dividend. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, February 29th. Downing Renewables & Infrastructure’s dividend payout ratio (DPR) is presently 8,333.33%.

Downing Renewables & Infrastructure Company Profile

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.