Octopus Renewables Infrastructure (LON:ORIT) Hits New 52-Week Low at $67.30

Octopus Renewables Infrastructure (LON:ORIT) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 67.30 ($0.83) and last traded at GBX 70.60 ($0.87), with a volume of 2430476 shares traded. The stock had previously closed at GBX 70.70 ($0.87).

Octopus Renewables Infrastructure Price Performance

The firm’s 50-day moving average is GBX 75.47 and its two-hundred day moving average is GBX 83.53. The company has a market cap of £398.84 million, a P/E ratio of 3,525.80 and a beta of 0.17.

Octopus Renewables Infrastructure Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were given a GBX 1.45 ($0.02) dividend. This represents a yield of 1.67%. The ex-dividend date of this dividend was Thursday, February 8th. Octopus Renewables Infrastructure’s dividend payout ratio is presently 30,000.00%.

Octopus Renewables Infrastructure Company Profile

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.