HICL Infrastructure (LON:HICL) Shares Cross Below 200 Day Moving Average of $160.28

HICL Infrastructure PLC (LON:HICLGet Rating)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 160.28 ($1.99) and traded as low as GBX 139.41 ($1.73). HICL Infrastructure shares last traded at GBX 147.20 ($1.83), with a volume of 7,340,888 shares traded.

HICL Infrastructure Stock Performance

The stock has a 50-day moving average of GBX 153.18 and a two-hundred day moving average of GBX 160.16. The company has a market cap of £2.89 billion, a P/E ratio of 838.82 and a beta of 0.21.

HICL Infrastructure Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, May 25th will be given a GBX 2.07 ($0.03) dividend. The ex-dividend date is Thursday, May 25th. This represents a yield of 1.37%. This is an increase from HICL Infrastructure’s previous dividend of $2.06. HICL Infrastructure’s payout ratio is presently 4,705.88%.

About HICL Infrastructure

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HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.

Further Reading

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