Downing Renewables & Inf... Dividends - DORE

Downing Renewables & Inf... Dividends - DORE

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Stock Name Stock Symbol Market Stock Type
Downing Renewables & Infrastructure Trust Plc DORE London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 102.50 08:00:15
Open Price Low Price High Price Close Price Previous Close
102.50 102.25 102.50 102.50 102.50
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Industry Sector

Downing Renewables & Inf... DORE Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

gbcol: Yes I thought they were being very conservative at £25m but couldn’t even get that. There have been a lot of IPO’s and raises in the sector recently- including some that got aborted, so obviously quite difficult and competitive sector at the moment. Watched the presentation earlier in week and DORE have some schemes lined up, so hopefully this will be enough for them to push ahead with them - but they’ll need to come back to the market early next year.
jonwig: The FT has an article on "global stilling" - wind speeds across northern Europe have been as low as 50% of average for much of this year. This explains a part of the current energy crisis, as renewables can't take up the load. The phenomenon is thought to be caused by the poles warming by more than the equator, reducing the temperature gradient. If so, it won't be just a passing phenomenon. The positive thing with DORE is that it's 52% hydro and 34% solar. There is no wind in the portfolio.
melloteam: DORE will be presenting at the Mello Events Trusts and Funds webinar on Tuesday 14th September at 3-7:30pm. The event is free and you can get a ticket here: Https:// The programme is as follows: 3.00 pm Mello introduction and welcome 3.05 pm The AIC and the benefits of investing in Investment Trusts & Funds 3.30 pm Company presentation by India Capital Growth Fund 4.00 pm Reg Hoare presents an update on Investment Trusts & Funds 4.15 pm Company presentation by Sanford DeLand Free Spirit Fund 4.45 pm David Stredder interviews Alyx Wood, Fund Manager at Kernow AM 5.05 pm Introducing Edmund Shing, private investor in Investment Trusts & Funds 5.15 pm Company presentation by Next Energy Solar Fund 5.45 pm Company presentation by Downing Renewable & Infrastructure Trust (DORE) 6.15 pm Money Makers – Join Jonathan and Simon for the latest Investment Trust news 6.35 pm Investment Trusts & Funds panel session with Q&A
gbcol: Decent results presentation today, although obviously basically just going over the half year report already issued. They seem very happy with progress to date and with the pipeline of opportunities. Very likely to be a capital raise before the end of the year to take advantage of the pipeline opps. I expect that I would take part in it when it comes along. As we know, next three quarterly divis will be 1p, then upped to 1.25p but they want to have a progressive divi strategy, so hopefully will grow from there. Still early days, but I’m happy with how it’s going so far. Hopefully can eek out another penny or two onto share price before the capital raise. Presentation was recorded so should be on the website in the coming days, not over long, so worth a watch IMO.
gbcol: Yes, got to be happy with those results and progress to date. To be fair, I had some early doubts but was probably just being a bit impatient as I went quite big on this in the IPO. I bought primarily for divi so pleased that is ahead of target. Good to be trading at a premium to NAV too. I assume that the BOD are hoping the share price increases a bit on the back of these results so that they can do a fund raising at over NAV in the near future.
bathcoup: from IPO prospectus: "The Company will target an initial dividend yield of 3% by reference to the Issue Price in respect of the calendar year to 31 December 2021, rising to a target dividend yield of 5% by reference to the Issue Price in respect of the calendar year to 31 December 2022. Thereafter, the Company intends to adopt a progressive dividend policy. The Company is targeting a NAV total return of 6.5% to 7.5% per annum over the medium to long-term." Now DORE is paying 3.5p, not 3p, dividend per share for the period from IPO to 31 December 2021, but a target dividend yield of 5% thereafter has not changed. jonwig, How do I boldface, underline or italicize my text? Thanks. [Edit: following jonwig's advice below, I've emboldened some text above.]
jonwig: Maiden set of results: Should banish any lingering doubts here. Performance targets beaten, NAV and dividend increases.
gateside: Financial Dates Net Asset Value - May 19, 2021 2021 Half Year Results, Declaration Of Dividend - September 6, 2021 Net Asset Value, Declaration Of Dividend - November 19, 2021 2021 Annual Results, Declaration Of Dividend - March 21, 2022 AGM - April 6, 2022 Net Asset Value, Declaration Of Dividend - May 19, 2022
gateside: I don't own any DORE and am not giving advice..... I bought ORIT which floated a year earlier. It did nothing for the first 6 months and there was very little news flow too, like there is here. Then gradually ORIT has drifted upwards and started paying dividends. You'll find you probably won't get your first dividend till towards the end of the year. I personally wouldn't buy into another Renewables float, I'd rather buy, say TRIG or JLEN which are up and running and have money flowing into the company and where dividends are already being paid out quarterly. Maybe stick with it, unless you need the money or see better opportunities. But please DYOR
gbcol: Hopefully this will help the flagging share price a bit. “ The Assets are expected to contribute significantly to DORE's target dividend yield going forward, with a particularly strong contribution to yield in the calendar year to 31 December 2021” So they only have £22m of funds left. I suppose they will have to look to raise more in the not too distant future, after all the initial raise was at the very bottom of expectations/requirements.
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