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

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

Innergex Renewable Energy Stock Down 1.1 %

INGXF stock opened at $5.71 on Wednesday. The stock’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.91. The company has a market cap of $1.16 billion, a P/E ratio of -11.65 and a beta of 0.64. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. Innergex Renewable Energy has a fifty-two week low of $5.26 and a fifty-two week high of $7.90.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its earnings results 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. Innergex Renewable Energy had a negative return on equity of 1.70% and a negative net margin of 13.73%. The company had revenue of $179.04 million for the quarter, compared to analyst estimates of $192.68 million. On average, research analysts expect that Innergex Renewable Energy will post -0.07 earnings per share 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.