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

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced a dividend on Tuesday, December 24th,investing.com reports. Investors of record on Wednesday, January 1st will be paid a dividend of 0.0649 per share on Wednesday, January 15th. This represents a yield of 4.6%. The ex-dividend date is Tuesday, December 31st.

Innergex Renewable Energy Trading Down 1.7 %

Shares of Innergex Renewable Energy stock opened at $5.65 on Tuesday. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.91. The stock has a market cap of $1.15 billion, a P/E ratio of -11.53 and a beta of 0.64. Innergex Renewable Energy has a 1-year low of $5.26 and a 1-year high of $7.90.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. Analysts predict that Innergex Renewable Energy will post -0.07 EPS for the current fiscal year.

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.