Boralex Inc. (BLX) to Issue Quarterly Dividend of $0.17 on June 15th

Boralex Inc. (TSE:BLX) announced a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.165 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th.

Boralex Stock Performance

Boralex stock opened at C$36.89 on Wednesday. The firm has a 50 day simple moving average of C$35.73 and a 200-day simple moving average of C$29.49. Boralex has a 1-year low of C$23.48 and a 1-year high of C$36.99. The company has a debt-to-equity ratio of 309.98, a current ratio of 1.24 and a quick ratio of 1.54. The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of -119.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26.

Boralex (TSE:BLX) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.08) earnings per share for the quarter. Boralex had a negative net margin of 3.56% and a negative return on equity of 2.08%. The firm had revenue of C$286.00 million during the quarter. On average, analysts expect that Boralex will post 1.3383764 EPS for the current year.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.