Innergex Renewable Energy Inc. Announces Dividend of $0.06 (OTCMKTS:INGXF)

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced a dividend on Saturday, March 22nd, investing.com reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.0624 per share on Tuesday, April 15th. This represents a yield of 2.64%. The ex-dividend date is Monday, March 31st.

Innergex Renewable Energy Price Performance

INGXF opened at $9.48 on Friday. The firm’s fifty day moving average price is $7.25 and its two-hundred day moving average price is $6.72. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 316.00 and a beta of 0.56. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 1 year low of $4.81 and a 1 year high of $9.53.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.22. The firm had revenue of $204.46 million during the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. As a group, analysts anticipate that Innergex Renewable Energy will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on INGXF shares. National Bank Financial cut shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Raymond James lowered Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.