3i Infrastructure (LON:3IN) Reaches New 1-Year High Following Dividend Announcement

3i Infrastructure plc (LON:3IN) reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 348 ($4.37) and last traded at GBX 348 ($4.37), with a volume of 976382 shares trading hands. The stock had previously closed at GBX 339 ($4.26).

The newly announced dividend which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be paid a GBX 5.95 ($0.07) dividend. This represents a dividend yield of 1.76%. The ex-dividend date is Thursday, June 13th. 3i Infrastructure’s dividend payout ratio (DPR) is currently 3,243.24%.

3i Infrastructure Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.39 and a debt-to-equity ratio of 19.38. The stock has a market capitalization of £3.21 billion, a price-to-earnings ratio of 940.54 and a beta of 0.47. The business’s 50 day simple moving average is GBX 328.23 and its 200-day simple moving average is GBX 323.23.

3i Infrastructure Company Profile

3i Infrastructure plc is an investment firm specializing in infrastructure investments. The firm invests in early stage assets, mature assets, middle markets, mid venture, acquisitions, and projects and privatizations undergoing a period of operational ramp-up. It may invest in junior or mezzanine debt in infrastructure businesses or assets.