Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Sets New 1-Year High After Dividend Announcement

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL)’s stock price reached a new 52-week high during mid-day trading on Friday after the company announced a dividend. The company traded as high as GBX 204 ($2.65) and last traded at GBX 199 ($2.58), with a volume of 330039 shares traded. The stock had previously closed at GBX 196 ($2.54).

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be issued a dividend of GBX 2.05 ($0.03) per share. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, October 31st. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio (DPR) is presently -4,444.44%.

Ecofin Global Utilities and Infrastructure Trust Price Performance

The company has a market cap of £220.59 million, a P/E ratio of -1,088.89 and a beta of 0.53. The company has a fifty day moving average price of GBX 190.32 and a two-hundred day moving average price of GBX 183.34. The company has a debt-to-equity ratio of 9.44, a quick ratio of 0.04 and a current ratio of 0.35.

Insiders Place Their Bets

In related news, insider David Simpson sold 546 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of GBX 183 ($2.38), for a total value of £999.18 ($1,297.30). Company insiders own 0.75% of the company’s stock.

Ecofin Global Utilities and Infrastructure Trust Company Profile

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.