Corenergy Infrastructure Trust Inc (NYSE:CORR) declared a quarterly dividend on Wednesday, January 24th, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.75 per share by the asset manager on Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Tuesday, February 13th.

Corenergy Infrastructure Trust has raised its dividend payment by an average of 5.3% annually over the last three years. Corenergy Infrastructure Trust has a dividend payout ratio of 71.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Corenergy Infrastructure Trust to earn $4.21 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 71.3%.

Shares of Corenergy Infrastructure Trust (NYSE:CORR) traded down $0.02 during mid-day trading on Thursday, reaching $35.96. 8,627 shares of the company’s stock were exchanged, compared to its average volume of 108,267. The firm has a market capitalization of $427.30, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.84 and a beta of 2.00. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.35. Corenergy Infrastructure Trust has a 1 year low of $31.45 and a 1 year high of $39.42.

In other news, CEO David J. Schulte bought 690 shares of Corenergy Infrastructure Trust stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average cost of $37.27 per share, with a total value of $25,716.30. Following the completion of the transaction, the chief executive officer now owns 21,610 shares in the company, valued at approximately $805,404.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 1,565 shares of company stock worth $58,117. Corporate insiders own 0.99% of the company’s stock.

A number of research analysts have weighed in on CORR shares. ValuEngine raised shares of Corenergy Infrastructure Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Zacks Investment Research raised shares of Corenergy Infrastructure Trust from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, BidaskClub cut shares of Corenergy Infrastructure Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.25.

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About Corenergy Infrastructure Trust

CorEnergy Infrastructure Trust, Inc (CorEnergy) is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets.

Dividend History for Corenergy Infrastructure Trust (NYSE:CORR)

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