Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Declares $0.14 Dividend

Innergex Renewable Energy Inc. (OTCMKTS:INGXFGet Rating) declared a dividend on Wednesday, September 21st, investing.com reports. Investors of record on Thursday, September 29th will be paid a dividend of 0.1393 per share on Monday, October 17th. This represents a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, September 28th.

Innergex Renewable Energy Price Performance

Shares of OTCMKTS:INGXF opened at $14.43 on Wednesday. Innergex Renewable Energy has a 52-week low of $12.26 and a 52-week high of $17.80. The business has a fifty day moving average of $14.90 and a two-hundred day moving average of $14.45. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.77 and a current ratio of 0.77.

Innergex Renewable Energy (OTCMKTS:INGXFGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.01) earnings per share for the quarter. Innergex Renewable Energy had a negative net margin of 9.83% and a negative return on equity of 0.15%. The firm had revenue of $172.19 million for the quarter.

Analysts Set New Price Targets

Separately, National Bank Financial increased their price target on shares of Innergex Renewable Energy from C$23.00 to C$24.00 in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Innergex Renewable Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.39.

Innergex Renewable Energy Company Profile

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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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.

Further Reading

Dividend History for Innergex Renewable Energy (OTCMKTS:INGXF)

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