Helen M. Mahy Buys 15,471 Shares of Renewables Infrastructure Group Ltd (LON:TRIG) Stock
Renewables Infrastructure Group Ltd (LON:TRIG) insider Helen M. Mahy acquired 15,471 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of GBX 129 ($1.69) per share, with a total value of £19,957.59 ($26,078.13).
LON:TRIG opened at GBX 130 ($1.70) on Thursday. The company has a fifty day simple moving average of GBX 128.35 and a two-hundred day simple moving average of GBX 107.17. The company has a market cap of $1.88 billion and a price-to-earnings ratio of 11.11. Renewables Infrastructure Group Ltd has a 52 week low of GBX 1.12 ($0.01) and a 52 week high of GBX 130 ($1.70).
The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 1.66 ($0.02) per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. Renewables Infrastructure Group’s dividend payout ratio is currently 0.60%.
About Renewables Infrastructure Group
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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