Downing Renewables & Infrastructure (LON:DORE) Shares Up 2.9%

Shares of Downing Renewables & Infrastructure (LON:DORE) shot up 2.9% during trading on Thursday . The company traded as high as GBX 77.40 ($0.96) and last traded at GBX 75.70 ($0.94). 51,560 shares were traded during trading, a decline of 73% from the average session volume of 188,363 shares. The stock had previously closed at GBX 73.60 ($0.91).

Downing Renewables & Infrastructure Stock Down 0.4 %

The company has a market capitalization of £137.91 million and a price-to-earnings ratio of 1,256.67. The stock has a 50 day moving average of GBX 79.08 and a 200 day moving average of GBX 85.96.

Downing Renewables & Infrastructure Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 1.54%. Downing Renewables & Infrastructure’s dividend payout ratio (DPR) is presently 8,333.33%.

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.