Innergex Renewable Energy Inc (INE) to Issue Quarterly Dividend of $0.17 on October 16th
Innergex Renewable Energy Inc (TSE:INE) declared a quarterly dividend on Monday, August 7th, Zacks reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.165 per share on Monday, October 16th. This represents a $0.66 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Thursday, September 28th. This is a boost from Innergex Renewable Energy’s previous quarterly dividend of $0.15.
Shares of Innergex Renewable Energy (TSE INE) traded down 0.96% on Friday, reaching $14.37. The company’s stock had a trading volume of 72,398 shares. The company has a 50 day moving average price of $14.69 and a 200 day moving average price of $14.47. The company has a market cap of $1.56 billion and a P/E ratio of 65.02. Innergex Renewable Energy has a 52-week low of $12.43 and a 52-week high of $15.72.
Separately, BMO Capital Markets lifted their price target on Innergex Renewable Energy from C$18.50 to C$19.00 in a research note on Friday, September 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Innergex Renewable Energy has an average rating of “Hold” and an average price target of C$17.00.
In related news, insider Jean Trudel sold 1,900 shares of Innergex Renewable Energy stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$15.39, for a total value of C$29,241.00. Also, Director Monique Mercier bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of C$14.34 per share, for a total transaction of C$28,680.00.
About Innergex Renewable Energy
Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.
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