3IX dividend yield calculator – Innergex Renewable Energy Inc Announces 0.18 Cash Dividend
March 18, 2023
Dividends Yield
On March 2 2023, Innergex Renewable Energy ($BER:3IX) Inc announced a 0.18 Cash Dividend, offering investors a dependable dividend yield. Over the past three years, the company has issued an annual dividend per share amount of 0.72 CAD, equaling an average dividend yield of 4.27%. This provides investors with a reliable dividend income and the potential for long-term growth. The ex-dividend date for this dividend is March 30 2023.
This means that investors need to purchase the shares prior to this date to be eligible to receive the dividend payment. For those investors looking for stable dividend-paying stocks, INNERGEX RENEWABLE ENERGY may present an ideal investment opportunity, as they have consistently issued a reliable dividend over the past three years. Furthermore, this dividend payment will provide investors with a steady and reliable income stream, as well as potential long-term capital gains.
Stock Price
The announcement caused the company’s stock to open at €10.0 and close at €10.0, a slight decrease from its previous closing price of €10.0. The company has a portfolio of assets that are well diversified by geography and type of technology to ensure stable and predictable cash flows for its shareholders. With this dividend announcement, Innergex is further demonstrating its commitment to providing long-term value to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 3IX. More…
| Total Revenues | Net Income | Net Margin |
| 870.49 | -87.25 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 3IX. More…
| Operations | Investing | Financing |
| 430.24 | -635.77 | 197.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 3IX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.6k | 7.12k | 6.45 |
Key Ratios Snapshot
Some of the financial key ratios for 3IX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 0.2% | 21.8% |
| FCF Margin | ROE | ROA |
| 32.0% | 8.7% | 1.4% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of INNERGEX RENEWABLE ENERGY’s financials. We have concluded that it is a medium risk investment considering both financial and business aspects. During our analysis, we have detected two risk warnings in their income sheet and balance sheet. If you register with us, you can view these warnings and make an assessment of your own. We hope to give you the best advice possible so you can make a sound decision when it comes to investing in this company. More…
Summary
INNERGEX RENEWABLE ENERGY has been paying a consistent dividend of 0.72 CAD per share for the last three years, providing investors with an average yield of 4.27%. Despite recent market volatility, INNERGEX is well positioned to continue rewarding shareholders with sustainable returns. Analysts have highlighted the company’s strong cash flow and robust balance sheet, which is supported by a diversified portfolio of renewable energy projects in both Canada and the United States.
Furthermore, its exposure to long-term contracts and rising renewable energy demand in Canada has resulted in accelerated growth and improved profitability over the past year. With a focus on delivering consistent value, INNERGEX is a worthwhile investment opportunity for those seeking a steady income stream.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
