Downing Renewables & Infrastructure (LON:DORE) Stock Price Up 0.7% – Here’s Why

Downing Renewables & Infrastructure (LON:DORE)’s share price shot up 0.7% during mid-day trading on Friday . The stock traded as high as GBX 84.50 ($1.06) and last traded at GBX 83 ($1.05). 150,835 shares changed hands during trading, a decline of 53% from the average session volume of 319,396 shares. The stock had previously closed at GBX 82.40 ($1.04).

Downing Renewables & Infrastructure Stock Performance

The stock’s 50 day simple moving average is GBX 82.72 and its 200 day simple moving average is GBX 79.41. The firm has a market cap of £151.81 million and a PE ratio of 1,383.33.

Downing Renewables & Infrastructure Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 29th were given a GBX 1.45 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 1.87%. Downing Renewables & Infrastructure’s dividend payout ratio (DPR) is presently 8,333.33%.

Downing Renewables & Infrastructure Company Profile

Downing Renewables & Infrastructure Trust PLC focuses on investing in a portfolio of renewable energy generating assets in the United Kingdom, Ireland, and Northern Europe. Its portfolio of assets cover wind, solar, hydro, geothermal, and other infrastructure assets. The company was formerly known as DR&I Trust PLC and changed its name to Downing Renewables & Infrastructure Trust PLC on October 22, 2020.