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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Octopus Renewables Infrastructure Trust Plc | ORIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 1.26% | 64.10 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 63.30 | 62.80 | 63.80 | 64.10 | 63.30 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 04/11/2024 | Interim | GBP | 0.015 | 14/11/2024 | 15/11/2024 | 29/11/2024 |
| 05/08/2024 | Interim | GBP | 0.0151 | 15/08/2024 | 16/08/2024 | 30/08/2024 |
| 07/05/2024 | Interim | GBP | 0.015 | 16/05/2024 | 17/05/2024 | 31/05/2024 |
| 29/01/2024 | Interim | GBP | 0.0145 | 08/02/2024 | 09/02/2024 | 23/02/2024 |
| 06/11/2023 | Interim | GBP | 0.0145 | 16/11/2023 | 17/11/2023 | 01/12/2023 |
| 07/08/2023 | Interim | GBP | 0.0145 | 17/08/2023 | 18/08/2023 | 01/09/2023 |
| 09/05/2023 | Interim | GBP | 0.0144 | 18/05/2023 | 19/05/2023 | 02/06/2023 |
| 31/01/2023 | Interim | GBP | 0.0131 | 09/02/2023 | 10/02/2023 | 24/02/2023 |
| 03/11/2022 | Interim | GBP | 0.0131 | 10/11/2022 | 11/11/2022 | 25/11/2022 |
| 29/07/2022 | Interim | GBP | 0.0131 | 11/08/2022 | 12/08/2022 | 26/08/2022 |
| 05/05/2022 | Interim | GBP | 0.0131 | 12/05/2022 | 13/05/2022 | 27/05/2022 |
| 19/11/2021 | Interim | GBP | 0.0125 | 17/02/2022 | 18/02/2022 | 04/03/2022 |
| 02/11/2021 | Interim | GBP | 0.0125 | 11/11/2021 | 12/11/2021 | 26/11/2021 |
| 10/06/2021 | Interim | GBP | 0.0125 | 12/08/2021 | 13/08/2021 | 27/08/2021 |
| 10/05/2021 | Interim | GBP | 0.0125 | 20/05/2021 | 21/05/2021 | 07/06/2021 |
| 05/02/2021 | Interim | GBP | 0.0106 | 18/02/2021 | 19/02/2021 | 05/03/2021 |
| 02/11/2020 | Interim | GBP | 0.0106 | 12/11/2020 | 13/11/2020 | 27/11/2020 |
| 03/08/2020 | Interim | GBP | 0.0106 | 13/08/2020 | 14/08/2020 | 21/08/2020 |
| Top Posts |
|---|
Posted at 16/12/2024 17:18 by zeppo Two of my other favourites: AGR and SEQI also paying good quarterly dividends with SPs well below Net Asset Value. Dividend raises and lower interest rates should change things (hopefully)For ORIT Unaudited NAV as at 30 September 2024 103.77 |
Posted at 16/12/2024 08:31 by kibes Dividend yield 6p at 65p is now 9.2% and seems reliable - company does not seem to be short of cash as it has just bought back 1 million shares costing £650,000. Strange that the price continues to drop, if it reaches 60p I shall be buying more for a 10% dividend. |
Posted at 10/12/2024 18:54 by zeppo AGR and SEQI mentioned earlier both up against the market.A relief for myself. AGR go ex dividend their January divi. on 12th December. |
Posted at 10/12/2024 11:07 by cc2014 I think with the very large fund TRIG trading at a 28% discount all the smaller trusts are going to be on even bigger discounts unless there's something particularly good about them and I can't see that ORIT is.If it's of any help I struggle to see the selling in this sector carrying on much longer. Perhaps someone is having a clear out before year end. I don't know really. All I can say is I now have more stock in this sector than I'm comfortable with. No ORIT though. I sold all mine between 77-79p and switched into mostly FGEN which is by comparison doing considerably better. |
Posted at 19/11/2024 07:30 by speedsgh It'll be ORIT on the night - |
Posted at 04/11/2024 08:20 by speedsgh NAV decreased from 105.15p (30/6/24) to 103.77p (30/9/24)...Q3 2024 Factsheet and Net Asset Value - Q3 dividend 1.50p. Payment 29/11, XD 14/11... Dividend Declaration - |
Posted at 18/9/2024 06:56 by spangle93 Panmure Liberum analyst Alex O’Hanlon said ‘We maintain our “buy” rating with a 115p target price and continue to be encouraged by the high level of earnings visibility, strong dividend cover, three-year track record of a CPI-linked uplift to the dividend, diversified portfolio, execution of the capital recycling programme and attractive discount to NAV (especially when compared to other diversified peers),’ |
Posted at 11/7/2024 19:46 by pj84 My average buy in price was 78.5p but having received some dividend payments my notional capital invested is now averaging 76.4p which is still slightly underwater but I have revisited some of my earlier posts: -246 of 314 "Just listened to the presentation and didn't hear anything that raised any concerns for ORIT specifically. For those who aren't traders, buying now at these lows of more than a 30% discount to NAV whilst locking in a prospective dividend yield of over 8% (which is targeted to increase in line with inflation) with the possibility of falling interest rates improving sentiment in the sector and possibly reducing the discount, this could be a good time to buy if you are patient." and 248 of 314 "Just to add to the comment in the Citywire article in post 244 pointing out "ORIT's 'exceptional earnings visibility" in the presentation it was mentioned that even if power prices slumped that wouldn't directly lead to a cut in the dividend as ORIT has entered into long fixed price contracts with end users one example being a 15 year contract to supply electricity to Microsoft at a fixed price for 15 years." So I am hoping that my entry was a bit early but that we will soon break out of the downward trend referred to, even though the expected cut in interest rates has taken longer to arrive than I hoped and with the new government providing a favourable environment for renewable energy investments. |
Posted at 18/1/2024 20:42 by speedsgh Octopus keeps up with inflation lift to dividendOctopus Renewables Infrastructure (ORIT) is starting to establish a reputation for reliability as it has increased its dividend target by inflation for the third year.The board said it would pay 6.02p per share this year, an increase of 4% on last year's dividend of 5.79p per share.This rise, which is in line with the consumer prices index for the 12 months to 31 December, will still leave the payout fully covered by cashflow.Chair Phil Austin said the dividend hike was thanks to investment managers Matt Setchell, Chris Gaydon and David Bird and their 'successful delivery of construction projects'. ORIT has an operational capacity of 536MW via 29 assets across five countries, which can generate enough electricity to power 242,000 homes.However, Stifel analyst Will Crighton highlighted that dividend cover was 'squeezed' over the first half of last year to 1.1 times due to generation being 13% below budget, which will 'have acted as a drag on full-year numbers', which are yet to be released.'We expect cover to improve during 2024 with the 67MW Breach solar farm in Cambridgeshire soon to become operational,' he said. 'And the fund is also expecting to imminently acquire a sizeable 241MW portfolio of five solar assets in Ireland once construction has completed.'The analyst added that these acquisitions, along with improved generation performance, should 'more than offset any increased financing costs' and 'any impact on revenue from further asset sales'.Liberum analyst Alex O'Hanlon said the dividend hike will 'reinforce the credibility of the company as a progressive and reliable dividend payer' and could narrow the share price discount.ORIT trades on a discount of 17.7%, while peers such as JLEN Environment Assets (JLEN) and Downing Renewables Infrastructure (DORE) trail 20% and 25% below their asset values, respectively, despite both paying higher dividends. Before the announcement, ORIT yielded 6.4%, JLEN yielded 9.4% and Downing's yield was 7.7%. 'The dividend increase lifts the dividend yield to 6.8% and more in line with peers,' said O'Hanlon. 'Given this dividend is fully covered, investors should welcome this news and gain more trust in the company as a strong income play.'The dividend hike could also help sway investors of Aquila European Renewable (AERI), which ORIT has targeted for acquisition despite the board of the former being less than receptive. AERI has a dividend yield of 6.7%.Shares in ORIT were up just over 2% on Thursday to 90p. |
Posted at 18/1/2024 08:44 by speedsgh Increased Dividend Guidance - In line with the Company's progressive dividend policy, the Board of Octopus Renewables Infrastructure Trust plc is pleased to announce an increase in the target dividend to 6.02p* per ordinary share for the financial year from 1 January 2024 to 31 December 2024 ("FY 2024"). This increase of 4.0% over FY 2023's dividend target is in line with the increase to the Consumer Price Index (CPI) for the 12 months to 31 December 2023, and marks the third consecutive year the Company has increased its dividend target in line with inflation. The FY 2024 dividend target is expected to be fully covered by cashflows generated from the Company's operating portfolios. The Company is on track to deliver its dividend target for FY 2023 of 5.79p per ordinary share* and expects the dividend to be fully covered by cashflows arising from its operating assets. The fourth interim dividend for FY 2023 is expected to be declared in late January 2024. Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc, commented: "We're pleased to once again announce a dividend target increase in line with CPI, marking our third consecutive increase in line with inflation. This can be attributed to the Investment Manager's progress in the successful delivery of construction projects, with operational capacity now at 536MW, generated by 29 assets across 5 countries, equivalent to providing enough electricity to power 242 thousand homes. For 2024, 82% of ORIT's forecast revenues are fixed and 53% are explicitly inflation linked, and this is expected to contribute to stable cash generation over the year." |
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