Renewables Infrastructure Group Ltd (LON:TRIG) declared a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 1.66 ($0.02) per share on Tuesday, December 31st. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be viewed at this link.
Shares of LON:TRIG traded up GBX 16.66 ($0.22) during midday trading on Thursday, reaching GBX 130 ($1.70). The company’s stock had a trading volume of 2,000,550 shares, compared to its average volume of 1,340,000. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 7.98. The firm has a 50 day moving average price of GBX 129.83 and a two-hundred day moving average price of GBX 118.66. Renewables Infrastructure Group has a fifty-two week low of GBX 1.12 ($0.01) and a fifty-two week high of GBX 133.20 ($1.74).
Separately, Liberum Capital restated a “buy” rating on shares of Renewables Infrastructure Group in a research note on Wednesday, August 7th.
In other news, insider Shelagh Mason bought 47,000 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average cost of GBX 125 ($1.63) per share, for a total transaction of £58,750 ($76,767.28). Also, insider Helen M. Mahy bought 15,471 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of GBX 129 ($1.69) per share, with a total value of £19,957.59 ($26,078.13).
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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