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

Posted by Jeff Wilder on Mar 22nd, 2025

Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Free Report) declared a dividend on Saturday, March 22nd, investing.com reports. Investors 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 Performance

Innergex Renewable Energy stock opened at $9.44 on Friday. Innergex Renewable Energy has a fifty-two week low of $4.81 and a fifty-two week high of $9.53. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 314.57 and a beta of 0.56. The stock’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $6.62. 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 (OTCMKTS:INGXF – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.22. The company had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. As a group, analysts expect that Innergex Renewable Energy will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INGXF has been the topic of a number of recent research reports. Raymond James downgraded shares of Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 25th. National Bank Financial cut shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Read Our Latest Research Report on INGXF

About Innergex Renewable Energy

(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.