Boralex Inc. (TSE:BLX) declared a quarterly dividend on Thursday, November 29th, TickerTech reports. Investors of record on Monday, December 17th will be paid a dividend of 0.165 per share on Monday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, November 29th. This is a positive change from Boralex’s previous quarterly dividend of $0.16.
Shares of BLX opened at C$18.10 on Friday. Boralex has a 1-year low of C$16.31 and a 1-year high of C$25.03. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 356.49.
A number of equities analysts recently weighed in on BLX shares. BMO Capital Markets boosted their target price on shares of Boralex from C$24.50 to C$26.00 in a report on Tuesday, September 11th. Industrial Alliance Securities upgraded shares of Boralex from a “buy” rating to a “strong-buy” rating and lowered their target price for the stock from C$26.00 to C$22.00 in a report on Tuesday, October 9th. National Bank Financial lowered their target price on shares of Boralex from C$25.50 to C$23.50 in a report on Friday, October 5th. Raymond James lowered their target price on shares of Boralex from C$28.50 to C$25.00 and set a “strong-buy” rating on the stock in a report on Monday, August 13th. Finally, TD Securities lowered their target price on shares of Boralex from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Boralex presently has an average rating of “Buy” and a consensus price target of C$23.72.
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.
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