Innergex Renewable Energy Inc (OTCMKTS:INGXF) to Issue $0.13 Quarterly Dividend

Innergex Renewable Energy Inc (OTCMKTS:INGXF) declared a quarterly dividend on Tuesday, May 14th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.131 per share on Monday, July 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 27th.

INGXF traded up $0.29 during trading hours on Tuesday, reaching $10.71. The company’s stock had a trading volume of 6,957 shares, compared to its average volume of 1,559. Innergex Renewable Energy has a fifty-two week low of $8.21 and a fifty-two week high of $11.19. The stock has a market cap of $1.39 billion, a PE ratio of 94.73 and a beta of 0.70. The business has a 50-day moving average of $10.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 5.43.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.09) EPS for the quarter. Innergex Renewable Energy had a net margin of 5.78% and a return on equity of 2.80%. The business had revenue of $95.09 million during the quarter.

Separately, ValuEngine cut Innergex Renewable Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 15th.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy, Inc engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

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Dividend History for Innergex Renewable Energy (OTCMKTS:INGXF)

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