INE dividend calculator – Innergex Renewable Energy Inc Announces 0.18 Cash Dividend

Dividends Yield

On March 1 2023, Innergex Renewable Energy ($TSX:INE) Inc announced a 0.18 Cash Dividend, which brings their dividend yields to 4.26% for the past three years. This announcement has made INNERGEX RENEWABLE ENERGY a viable option for investors interested in stocks that pay dividends, with an ex-dividend date of March 30 2023. From 2020 to 2022, the company has distributed an annual dividend per share of 0.72 CAD, resulting in an average dividend yield of 4.26%. With this new announcement, dividend holders have even more reason to invest in this renewable energy company.

INNERGEX RENEWABLE ENERGY has invested heavily in renewable energy sources such as hydroelectric and solar power, making it a viable option for investors who are looking for socially responsible investments. The company is committed to providing clean and sustainable energy resources that are in line with their values and beliefs. With their commitment to renewable energy and their impressive portfolio, they are a great option for those looking to invest in stocks that pay dividends.

Share Price

This dividend will be payable on October 15, 2020 to shareholders of record as of September 30, 2020. The stock opened at CA$14.5 and closed at CA$14.6, which is a 0.2% increase from the previous closing price of CA$14.5. This marks the tenth consecutive quarter that Innergex has paid a dividend, demonstrating their commitment to rewarding their shareholders for their ongoing investments in the company.

The company specializes in developing and operating a portfolio of run-of-river hydroelectric facilities, wind farms, solar farms, and geothermal power plants. The company’s commitment to sustainability and renewable energy sources makes them a strong choice for investors looking to make an impact while making long-term investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for INE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for INE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for INE. More…

Key Ratios Snapshot

Some of the financial key ratios for INE are shown below. More…

Analysis

At GoodWhale, we’ve taken a closer look at the financials of INNERGEX RENEWABLE ENERGY and have concluded that it is a medium risk investment. This assessment is based on our Risk Rating analysis and thorough evaluation of the company’s income sheet and balance sheet. We have identified two risk warnings in the income sheet and balance sheet of INNERGEX RENEWABLE ENERGY. To get a glimpse of what these risks are, register with us and check it out! With our detailed analysis, you can make an informed decision on whether this is the right investment for you. More…

Peers

It is one of the top players in the renewable energy industry, competing with Karma Energy Ltd, Cloudberry Clean Energy ASA, and Enlight Renewable Energy Ltd. All of these firms are working towards creating a more sustainable future by providing clean and reliable renewable energy sources.

– Karma Energy Ltd ($BSE:533451)

Karma Energy Ltd is a leading energy solutions provider based in India. The company offers a range of services to help its customers save energy, reduce carbon emissions and make their operations more efficient. As of 2023, Karma Energy Ltd has a market cap of 366.65M and a Return on Equity of 4.25%. This suggests that the company is performing quite well compared to its competitors and is able to generate high returns on invested capital. The company also has an impressive portfolio of projects across various sectors, including residential and commercial buildings, industrial, and healthcare. As such, it is well positioned to benefit from continued growth in the energy market.

– Cloudberry Clean Energy ASA ($BER:52K)

Cloudberry Clean Energy ASA is an integrated energy company based in Norway. The company specializes in developing, constructing and operating renewable energy facilities in the Nordic countries. As of 2023, Cloudberry Clean Energy ASA has a market cap of 267.95M, making it one of the largest renewable energy companies in the region. The company also has an impressive Return on Equity (ROE) of 1.23%. This indicates that the company is generating a healthy amount of profit on its investments and is well-positioned to continue its growth trajectory.

– Enlight Renewable Energy Ltd ($NASDAQ:ENLT)

Enlight Renewable Energy Ltd is a leading provider of renewable energy solutions, specializing in the development, supply and installation of solar energy systems. With a market cap of 1.87 billion as of 2023, it has become one of the largest companies in its field. The company’s return on equity (ROE) of 8.66% shows that Enlight Renewable Energy Ltd has been able to efficiently use its assets and equity to create income and growth. This impressive performance aligns with their mission to be an environmentally conscious company that provides reliable and affordable energy solutions to homes and businesses across the world.

Summary

INNERGEX RENEWABLE ENERGY is an attractive investment option for dividend-seeking investors. Over the past three years, the company has consistently paid out an annual dividend of 0.72 CAD per share, yielding approximately 4.26% each year. This dividend yield is above average for the renewable energy sector and is expected to remain steady in the foreseeable future.

Furthermore, the company has solid financials and a strong track record of delivering sustainable returns to its investors. As such, it is a good option for investors looking for a reliable, dividend-producing stock.