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

Posted by John Perry on Mar 22nd, 2025

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Free Report) announced 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 is Monday, March 31st.

Innergex Renewable Energy Stock Down 0.3 %

INGXF opened at $9.44 on Friday. Innergex Renewable Energy has a 12 month low of $4.81 and a 12 month high of $9.53. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The business’s 50-day moving average price is $6.86 and its 200-day moving average price is $6.62. The company has a market cap of $1.92 billion, a P/E ratio of 314.57 and a beta of 0.56.

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) 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 business had revenue of $204.46 million for the quarter, compared to analysts’ expectations of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, equities analysts expect that Innergex Renewable Energy will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Innergex Renewable Energy

Innergex Renewable Energy Company Profile

(Get Free Report)

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.