Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Increases Dividend to $0.06 Per Share

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) announced a dividend on Saturday, June 21st, investing.com reports. Stockholders of record on Tuesday, July 1st will be paid a dividend of 0.0644 per share on Tuesday, July 15th. This represents a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, June 30th. This is a 3.2% increase from Innergex Renewable Energy's previous dividend of $0.06.

Innergex Renewable Energy Trading Down 0.3%

Shares of INGXF stock opened at $10.06 on Friday. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $10.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.51. The firm's 50 day moving average is $9.85 and its 200 day moving average is $7.99. The stock has a market capitalization of $2.04 billion, a P/E ratio of 71.86 and a beta of 0.61.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $188.64 million for the quarter, compared to analysts' expectations of $277.44 million. Innergex Renewable Energy had a net margin of 5.51% and a return on equity of 5.30%. Research analysts expect that Innergex Renewable Energy will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INGXF has been the topic of several research reports. Raymond James Financial cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 25th. National Bank Financial downgraded shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a 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.

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