The Renewables Infrastructure Group Limited (LON:TRIG) Announces Dividend Increase – GBX 1.87 Per Share

The Renewables Infrastructure Group Limited (LON:TRIG) announced a dividend on Wednesday, May 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 1.87 ($0.02) per share on Friday, June 28th. This represents a yield of 1.86%. The ex-dividend date is Thursday, May 16th. This is a positive change from The Renewables Infrastructure Group’s previous dividend of $1.80. The official announcement can be accessed at this link.

The Renewables Infrastructure Group Trading Down 0.4 %

LON:TRIG traded down GBX 0.40 ($0.01) during trading hours on Wednesday, hitting GBX 100.20 ($1.26). The stock had a trading volume of 3,705,406 shares, compared to its average volume of 3,641,659. The Renewables Infrastructure Group has a 1-year low of GBX 95.50 ($1.20) and a 1-year high of GBX 127.80 ($1.61). The company has a market cap of £2.48 billion, a PE ratio of 457.27 and a beta of 0.20. The business has a 50 day simple moving average of GBX 100.09 and a two-hundred day simple moving average of GBX 104.51.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price objective on The Renewables Infrastructure Group from GBX 140 ($1.76) to GBX 135 ($1.70) and set an “outperform” rating on the stock in a research note on Tuesday, March 5th.

Insider Buying and Selling

In related news, insider Tove Feld bought 10,000 shares of The Renewables Infrastructure Group stock in a transaction that occurred on Friday, April 5th. The stock was purchased at an average cost of GBX 100 ($1.26) per share, for a total transaction of £10,000 ($12,562.81). 0.09% of the stock is currently owned by company insiders.

About The Renewables Infrastructure Group

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.