The Renewables Infrastructure Group Limited (LON:TRIG) to Issue GBX 1.87 Dividend

The Renewables Infrastructure Group Limited (LON:TRIG) announced a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 14th will be given a dividend of GBX 1.87 ($0.02) per share on Tuesday, December 31st. This represents a dividend yield of 1.98%. The ex-dividend date is Thursday, November 14th. The official announcement can be accessed at this link.

The Renewables Infrastructure Group Stock Performance

Shares of LON:TRIG traded down GBX 1 ($0.01) on Thursday, hitting GBX 94.50 ($1.23). 5,710,177 shares of the company were exchanged, compared to its average volume of 4,265,131. The company’s 50 day moving average price is GBX 100.89 and its two-hundred day moving average price is GBX 100.05. The firm has a market capitalization of £2.34 billion, a price-to-earnings ratio of -9,550.00 and a beta of 0.22. The Renewables Infrastructure Group has a one year low of GBX 93.30 ($1.21) and a one year high of GBX 117.20 ($1.53).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price target on shares of The Renewables Infrastructure Group from GBX 135 ($1.76) to GBX 130 ($1.69) and set an “outperform” rating for the company in a research note on Tuesday, August 13th.

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.