Octopus Renewables Infrastructure Trust (LON:ORIT) Hits New 12-Month Low – Time to Sell?

Octopus Renewables Infrastructure Trust plc (LON:ORIT)’s share price hit a new 52-week low on Wednesday . The stock traded as low as GBX 63 ($0.77) and last traded at GBX 64 ($0.78), with a volume of 1155964 shares. The stock had previously closed at GBX 63.50 ($0.78).

Octopus Renewables Infrastructure Trust Trading Up 0.8 %

The firm has a market cap of £359.63 million, a price-to-earnings ratio of 2,133.33 and a beta of 0.15. The firm’s 50 day simple moving average is GBX 69.38 and its two-hundred day simple moving average is GBX 74.28.

Octopus Renewables Infrastructure Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were paid a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, November 14th. Octopus Renewables Infrastructure Trust’s dividend payout ratio (DPR) is currently 20,000.00%.

About Octopus Renewables Infrastructure Trust

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.