NextEnergy Solar Fund (LON:NESF) Hits New 12-Month Low – Here’s What Happened

NextEnergy Solar Fund Limited (LON:NESFGet Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 69.70 ($0.88) and last traded at GBX 70.01 ($0.88), with a volume of 3290546 shares. The stock had previously closed at GBX 70.80 ($0.89).

NextEnergy Solar Fund Stock Down 1.1 %

The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49. The stock’s fifty day simple moving average is GBX 76.15 and its two-hundred day simple moving average is GBX 77.81. The company has a market capitalization of £413.63 million, a price-to-earnings ratio of 876.38, a P/E/G ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, November 14th will be issued a dividend of GBX 2.11 ($0.03) per share. This represents a yield of 2.91%. This is a boost from NextEnergy Solar Fund’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, November 14th. NextEnergy Solar Fund’s dividend payout ratio (DPR) is presently 10,000.00%.

About NextEnergy Solar Fund

(Get Free Report)

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.

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