Renewables Infrastructure Group Ltd (LON:TRIG) declared a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 1.60 ($0.02) per share on Friday, September 29th. This represents a yield of 1.46%. The ex-dividend date is Thursday, August 17th. The official announcement can be accessed at this link.
Renewables Infrastructure Group (TRIG) opened at 110.20 on Friday. Renewables Infrastructure Group has a 12-month low of GBX 101.00 and a 12-month high of GBX 112.30. The firm’s 50-day moving average price is GBX 1.00 and its 200-day moving average price is GBX 0.99.
Separately, Macquarie lifted their price objective on Renewables Infrastructure Group from GBX 112 ($1.46) to GBX 114 ($1.48) and gave the company an “outperform” rating in a report on Wednesday, July 5th.
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Renewables Infrastructure Group Company Profile
The Renewables Infrastructure Group Limited is a closed-ended investment company, investing in and managing a portfolio of investments in renewable energy infrastructure project companies. Its objectives are to provide shareholders with an attractive long-term income-based return with a positive correlation to inflation by focusing on strong cash generation across a diversified portfolio of predominantly operating projects; to maintain prudent financial management in terms of the approach to cost control, cash management, dividend cover, financing arrangements and foreign exchange and interest rate hedging, and to diversify its investment portfolio to enhance spreading of risk, increase share liquidity and obtain further scale efficiencies, while seeking to enhance Net Asset Value (NAV) per share for investors.
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