Innergex Updates Dividend Reinvestment Strategy

Innergex Renewable Energy (TSE:INE) has released an update.

Innergex Renewable Energy Inc. has announced that for its April 15, 2024, dividend and subsequent dividends, it will buy back common shares on the secondary market at the market purchase price, rather than issuing new shares from treasury. This decision reflects the company’s strategy to generate sustainable cash flows and provide attractive returns to shareholders. Innergex is a leading renewable energy producer with a diverse portfolio of assets across Canada, the US, France, and Chile, and has been recognized as Canada’s best corporate citizen in 2023.

For further insights into TSE:INE stock, check out TipRanks’ Stock Analysis page.