The Renewable Infrastructure Trust
The Renewable Infrastructure Group (Ticker FTSE 250 – TRIG) is a London based investment company which is a pure play renewables business.
TRIG aims to generate sustainable returns for shareholders from a diversified portfolio of renewable infrastructure projects, whilst helping the planet reach a zero carbon future.
Our planet is craving low carbon energy and as the population grows there is an increasing demand for electricity. This thirst for power will only be accelerated by the evolution of the humble motor car into an electrified powered drivetrain like Tesla & Polestar, the latter being my preferred next choice.
Please see the map below of TRIG’s assets:
Part of the thesis for investing in The Renewable Infrastructure Trust are as follows:
1, TRIG has over £3.4 billion + of renewable assets primarily in wind generation and is developing solar and battery technologies.
2, Assets are mainly land based however the group has also expanded into offshore wind farms (this formed part of my initial research and thesis, as land based assets are cheaper to install & maintain).
3, Over 6 TWh (Terawatt Hours) of power is produced annually, thats the equivalent to powering over 1.8m homes and avoids 2.2m tones of carbon.
4, Offering a diversified portfolio of over 80 assets in countries like: United Kingdom (UK), Ireland, France, Spain, Sweden & Germany means the risk is spread geographically, thus it is not solely reliable to just one market. Click here for more info
5, Investments into battery storage and grid back up systems has already started. I can foresee an investment case for the production of Green Hydrogen in the coming years, as this could generate further revenues (As of 07.01.2022 TRIG has no Green Hydrogen investments).
TRIG Dividends History
TRIG pays a quarterly dividend in the months of March, June, Sept & December.
They have been distributing and raising its dividend for over 10+ years. (Although please remember no dividend is ever guaranteed)
The group’s aim is to provide investors with a long term stable dividend, to date it has returned over 9.1% to shareholders.
Current dividends for 2024 is projected to be £0.0747 pence per share.
For research purposes I have listed five years of annualised dividends:
2023 Annually £0.0718p
2022 Annually £0.0684p
2021 Annually £0.0676p
2020 Annually £0.0676p
2019 Annually £0.0664p
The Renewable Infrastructure Trust was one of my very first dividend paying stocks back in 2013.
Initially I wanted to test their payout performance through my ISA (Individual Savings Account), before making a more sizeable investment through my SIPP (Self Invested Personal Pension).
To test the waters I started small which I would always suggest if you are new to any equity. Through the ISA account I started with just 300 shares.
After watching TRIGs regular quarterly dividend payouts for a couple of years, I decided to purchase 6,000 shares in 2019. This time though I directly invested the shares into the SIPP account.
Over the course of 2023 total holdings in TRIG has increased to 8,000 shares, equal to another renewable asset in a separate solar fund.
Investing in TRIG hits part of my objective to ensure that part of portfolio leans towards both sustainability and environmental investing.
TRIG’s stock had appreciated in value by well over £1,000 in the last few years, however due to high interest rates combined with volatile energy prices, and a generalised unfavourable view of all types of REIT’s (in all market sectors) the stock has lost a little ground which I see as a temporary blip.
The demand for energy and green energy is strong and will only increase in time, therefore I use opportunities like this to add further shares.
With TRIG’s share price at one point trading well below discounted levels to its NAV value, this fortuitous event enabled me to add an additional 2,000 shares at lower prices.
Dividend yield of 8.40% (31/12/2024)
Estimated NAV is currently running at £121.56 pence (31/12/2024)
Total income received from holdings totals £2,588.75 in 5+ years.
Further dividend analysis can be found in the file below:
FTSE 250 : TRIG
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