Renewables Infrastructure Group (TRIG) Hits New 52-Week High at $126.80

Renewables Infrastructure Group Ltd (LON:TRIG) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 126.80 ($1.66) and last traded at GBX 126.80 ($1.66), with a volume of 2393152 shares. The stock had previously closed at GBX 125.60 ($1.64).

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Renewables Infrastructure Group in a research note on Tuesday, February 19th.

The firm has a market capitalization of $1.82 billion and a PE ratio of 10.75.

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be issued a dividend of GBX 1.66 ($0.02) per share. This represents a yield of 1.33%. This is an increase from Renewables Infrastructure Group’s previous dividend of $1.63. The ex-dividend date of this dividend is Thursday, May 16th. Renewables Infrastructure Group’s payout ratio is 0.51%.

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Renewables Infrastructure Group Company Profile (LON:TRIG)

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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