HICL Infrastructure (LON:HICL) Hits New 12-Month Low – Here’s Why

Shares of HICL Infrastructure PLC (LON:HICL) hit a new 52-week low on Monday . The company traded as low as GBX 117.80 ($1.48) and last traded at GBX 119 ($1.49), with a volume of 26368289 shares trading hands. The stock had previously closed at GBX 117.80 ($1.48).

HICL Infrastructure Price Performance

The stock has a market capitalization of £2.40 billion, a price-to-earnings ratio of 5,890.00 and a beta of 0.30. The stock has a 50 day moving average price of GBX 126.45 and a 200-day moving average price of GBX 125.81.

HICL Infrastructure Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a dividend of GBX 2.06 ($0.03) per share. This represents a yield of 1.72%. The ex-dividend date is Thursday, November 21st. HICL Infrastructure’s dividend payout ratio (DPR) is 40,000.00%.

Insider Buying and Selling

In related news, insider Rita Akushie bought 1,195 shares of the stock in a transaction on Friday, August 30th. The shares were purchased at an average price of GBX 127 ($1.60) per share, for a total transaction of £1,517.65 ($1,906.12). 0.20% of the stock is currently owned by company insiders.

About HICL Infrastructure

HICL Infrastructure PLC specializes in direct and fund of funds investments. For direct investments, it seeks to invest in infrastructure projects. It invests in project companies which have not yet completed the construction phases of their concessions including project companies which are in the process of bidding for project concessions.