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Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) has shared an announcement.
Octopus Renewables Infrastructure Trust plc has declared its Q4 2024 dividend of 1.51 pence per share, completing a total dividend of 6.02 pence per Ordinary Share for FY 2024, fully covered by cash flows from its assets. The company also announced an increased dividend target of 6.17 pence per share for FY 2025, marking the fourth consecutive year of dividend increases in line with inflation, reflecting ORIT’s commitment to a progressive dividend policy and its robust operating cash flows.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust (ORIT) is a London-listed, closed-ended investment company focused on providing investors with sustainable income returns and capital growth by investing in a diversified portfolio of renewable energy assets in Europe and Australia. It aims to accelerate the transition to net zero while contributing to UN Sustainable Development Goals. ORIT’s investment manager, Octopus Energy Generation, specializes in renewable energy fund management and has a significant portfolio across various countries.
YTD Price Performance: -3.68%
Average Trading Volume: 1,152,208
Technical Sentiment Consensus Rating: Buy
Learn more about ORIT stock on TipRanks’ Stock Analysis page.
