3i Infrastructure PLC (LON:3IN) announced a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 28th will be given a dividend of GBX 4.60 ($0.06) per share on Monday, January 13th. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from 3i Infrastructure’s previous dividend of $4.33. The official announcement can be accessed at this link.
LON 3IN opened at GBX 295 ($3.85) on Friday. 3i Infrastructure has a one year low of GBX 2.30 ($0.03) and a one year high of GBX 302 ($3.95). The stock has a 50-day moving average of GBX 288.76 and a 200 day moving average of GBX 269.76. The company has a market capitalization of $2.39 billion and a price-to-earnings ratio of 9.25.
Separately, Jefferies Financial Group upgraded 3i Infrastructure to a “hold” rating in a report on Wednesday, October 23rd.
3i Infrastructure plc is a closed-ended investment company that invests in infrastructure businesses and assets. The Company’s objective is to provide shareholders with a sustainable total return of 8% to 10% per annum, to be achieved over the medium term, with a progressive annual dividend per share.
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