The latest update is out from Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ).
Octopus Renewables Infrastructure Trust has announced an update on its capital allocation strategy, including extending its share buyback program with an additional £20 million and setting goals to reduce gearing and realize asset sales. The company aims to enhance shareholder value by optimizing its portfolio and maintaining a progressive dividend, despite the challenging environment for renewable energy infrastructure trusts. The strategic moves are expected to strengthen ORIT’s market position and support its long-term growth objectives in the renewable energy sector.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust (ORIT) is a London-listed investment company focused on providing sustainable income returns and capital growth through a diversified portfolio of renewable energy assets in Europe and Australia. As an impact fund, ORIT aims to accelerate the transition to net zero by investing in green energy and contributing to UN Sustainable Development Goals. Its investment manager is Octopus Energy Generation, which has a strong track record in renewable energy fund management.
YTD Price Performance: -5.26%
Average Trading Volume: 1,197,639
Technical Sentiment Consensus Rating: Buy
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