Renewables Infrastructure Group Ltd (LON:TRIG) declared a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 1.66 ($0.02) per share on Monday, September 30th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be seen at this link.
LON:TRIG opened at GBX 127.09 ($1.66) on Wednesday. Renewables Infrastructure Group has a 12 month low of GBX 1.12 ($0.01) and a 12 month high of GBX 128.80 ($1.68). The company has a market capitalization of $1.84 billion and a price-to-earnings ratio of 10.86. The company has a 50 day moving average price of GBX 128.63.
Separately, Liberum Capital reissued a “buy” rating on shares of Renewables Infrastructure Group in a research report on Wednesday, August 7th.
Renewables Infrastructure Group Company Profile
The Renewables Infrastructure Group Limited is a closed-ended investment company, investing in and managing a portfolio of investments in renewable energy infrastructure project companies. Its objectives are to provide shareholders with an attractive long-term income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects; to maintain prudent financial management in terms of the approach to cost control, cash management, dividend cover, financing arrangements and foreign exchange and interest rate hedging, and to diversify its investment portfolio to enhance spreading of risk, increase share liquidity and obtain further scale efficiencies, while seeking to enhance Net Asset Value (NAV) per share for investors.
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