The Renewables Infrastructure Group (LON:TRIG) Reaches New 1-Year Low – Here’s Why

The Renewables Infrastructure Group Limited (LON:TRIG)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 85.70 ($1.09) and last traded at GBX 85.83 ($1.09), with a volume of 10326606 shares changing hands. The stock had previously closed at GBX 86.90 ($1.10).

The Renewables Infrastructure Group Trading Up 0.2 %

The business’s 50-day simple moving average is GBX 93.86 and its 200-day simple moving average is GBX 98.16. The company has a market cap of £2.12 billion, a PE ratio of -8,550.00 and a beta of 0.22.

The Renewables Infrastructure Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 1.87 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 1.98%. The Renewables Infrastructure Group’s dividend payout ratio is -70,000.00%.

The Renewables Infrastructure Group Company Profile

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia.