Octopus Renewables Infrastructure (LON:ORIT) Raises Dividend to GBX 1.50 Per Share

Octopus Renewables Infrastructure (LON:ORIT - Get Free Report) declared a dividend on Tuesday, May 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be given a dividend of GBX 1.50 ($0.02) per share on Friday, May 31st. This represents a yield of 2.07%. The ex-dividend date is Thursday, May 16th. This is an increase from Octopus Renewables Infrastructure's previous dividend of $1.45. The official announcement can be accessed at this link.

Octopus Renewables Infrastructure Stock Up 1.4 %

Shares of ORIT traded up GBX 1 ($0.01) during midday trading on Tuesday, reaching GBX 73.50 ($0.92). The company had a trading volume of 940,980 shares, compared to its average volume of 1,110,614. The firm has a 50 day simple moving average of GBX 74.83 and a 200-day simple moving average of GBX 82.77. The stock has a market cap of £415.22 million, a PE ratio of 3,623.00 and a beta of 0.17. Octopus Renewables Infrastructure has a 1-year low of GBX 67.30 ($0.85) and a 1-year high of GBX 103.80 ($1.30).

About Octopus Renewables Infrastructure

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.