If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Innergex Renewable Energy Inc is 8.67, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Innergex Renewable Energy was 18.00. The lowest was 1.57. And the median was 2.96.
During the past 5 years, the average Dividends Per Share Growth Rate was 1.10% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 2.40% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Innergex Renewable Energy was 3.30% per year. The lowest was -16.60% per year. And the median was 1.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Innergex Renewable Energy Dividend Yield % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Innergex Renewable Energy's Dividend Yield %
For the Utilities - Renewable subindustry, Innergex Renewable Energy's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Innergex Renewable Energy's Dividend Yield % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Innergex Renewable Energy's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Innergex Renewable Energy's Dividend Yield % falls into.
Innergex Renewable Energy Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Innergex Renewable Energy Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 0.090
2024-03-27
2024-03-28
2024-04-15
Cash Dividend
quarterly
CAD:USD 0.738242
CAD 0.180
2023-12-28
2023-12-31
2024-01-15
Cash Dividend
quarterly
CAD:USD 0.754720
CAD 0.180
2023-09-28
2023-09-30
2023-10-16
Cash Dividend
quarterly
CAD:USD 0.735808
CAD 0.180
2023-06-29
2023-06-30
2023-07-17
Cash Dividend
quarterly
CAD:USD 0.755744
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Innergex Renewable Energy (OTCPK:INGXF) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Innergex Renewable Energy Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Innergex Renewable Energy's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Innergex Renewable Energy (Innergex Renewable Energy) Business Description
Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.
Innergex Renewable Energy (Innergex Renewable Energy) Headlines
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