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Innergex Renewable Energy Inc T.INE.P.C


Primary Symbol: T.INE Alternate Symbol(s):  INGXF | T.INE.DB.B | T.INE.DB.C | T.INE.P.A

Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company produces and sells electricity generated by its hydroelectric, wind and solar facilities to publicly owned utilities or other creditworthy counterparties. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It manages a portfolio of assets consisting of interests in 85 operating facilities with a net installed capacity of approximately 3,676 MW (gross 4,226 MW), including 40 hydroelectric facilities, 35 wind farms, nine solar farms, and one battery energy storage facility. It also holds interests in approximately 13 projects under development and several prospective projects at different stages of development.


TSX:INE - Post by User

Post by incomedreamer11on Nov 08, 2023 6:25pm
429 Views
Post# 35724820

Dividend cut necessary

Dividend cut necessaryFrom report(' 000 $)


Free Cash Flow

 121,200 (2023)           

186,327  (2022)          

     

Dividends declared on common shares

 147,024(2023)

 144,862 (2022)

Payout Ratio

121 %

78 %


They need to cut dividend as soon as possible to stop cash bleeding,situation getting worse 

every conference.


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