Octopus Renewables Infrastructure Trust (LON:ORIT) Shares Up 1% – Should You Buy?

Octopus Renewables Infrastructure Trust plc (LON:ORIT) traded up 1% during mid-day trading on Monday . The stock traded as high as GBX 71.70 ($0.90) and last traded at GBX 71.60 ($0.90). 694,030 shares traded hands during trading, a decline of 45% from the average session volume of 1,273,053 shares. The stock had previously closed at GBX 70.90 ($0.89).

Octopus Renewables Infrastructure Trust Stock Performance

The firm has a market capitalization of £402.33 million, a P/E ratio of 2,386.67 and a beta of 0.15. The business has a fifty day moving average of GBX 77.04 and a 200-day moving average of GBX 75.40.

Octopus Renewables Infrastructure Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, November 14th. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is 20,000.00%.

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc operates as a closed end investment company in Europe and Australia. The company also focuses on building and operating a diversified portfolio of renewable energy assets. As of December 31, 2022, it owned a portfolio of 36 renewable energy assets covering the operational capacity of 662 MW.