Downing Renewables & Infrastructure (LON:DORE) Stock Price Down 1.1% – What’s Next?

Downing Renewables & Infrastructure (LON:DORE)’s share price traded down 1.1% during trading on Thursday . The company traded as low as GBX 83.50 ($1.08) and last traded at GBX 83.50 ($1.08). 113,084 shares were traded during mid-day trading, a decline of 66% from the average session volume of 334,423 shares. The stock had previously closed at GBX 84.40 ($1.10).

Downing Renewables & Infrastructure Stock Up 0.2 %

The stock has a market capitalization of £153.91 million and a price-to-earnings ratio of 1,402.53. The firm has a 50-day moving average of GBX 81.22 and a two-hundred day moving average of GBX 78.47.

Downing Renewables & Infrastructure Dividend Announcement

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

Insider Activity

In other news, insider Ashley Paxton purchased 30,000 shares of Downing Renewables & Infrastructure stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of GBX 78 ($1.01) per share, with a total value of £23,400 ($30,381.72). 25.82% of the stock is currently owned by company insiders.

About Downing Renewables & Infrastructure

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.