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

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

Innergex Renewable Energy Stock Down 0.3 %

Shares of INGXF opened at $9.44 on Friday. The company has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $6.62. The firm has a market capitalization of $1.92 billion, a P/E ratio of 314.57 and a beta of 0.56. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $9.53.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.22. The firm had revenue of $204.46 million during the quarter, compared to analysts’ expectations of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. On average, equities research analysts expect that Innergex Renewable Energy will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

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

About Innergex Renewable Energy

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.