Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Sets New 1-Year High After Dividend Announcement

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL) shares hit a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as GBX 204 ($2.65) and last traded at GBX 199 ($2.58), with a volume of 330039 shares trading hands. The stock had previously closed at GBX 196 ($2.54).

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a GBX 2.05 ($0.03) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 1.04%. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio (DPR) is -4,444.44%.

Ecofin Global Utilities and Infrastructure Trust Stock Performance

The company’s 50 day simple moving average is GBX 190.32 and its 200 day simple moving average is GBX 183.34. The company has a debt-to-equity ratio of 9.44, a quick ratio of 0.04 and a current ratio of 0.35. The stock has a market cap of £220.59 million, a PE ratio of -1,088.89 and a beta of 0.53.

Insider Transactions at Ecofin Global Utilities and Infrastructure Trust

In related news, insider David Simpson sold 546 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of GBX 183 ($2.38), for a total value of £999.18 ($1,297.30). 0.75% of the stock is currently owned by company insiders.

About Ecofin Global Utilities and Infrastructure Trust

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.