Valener Inc (VNR) to Issue $0.29 Quarterly Dividend

Valener Inc (TSE:VNR) declared a quarterly dividend on Friday, November 24th, Zacks reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.29 per share on Monday, January 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Thursday, December 28th.

Valener (TSE:VNR) traded down C$0.05 during mid-day trading on Friday, hitting C$22.71. The stock had a trading volume of 44,087 shares, compared to its average volume of 39,453. Valener has a 52 week low of C$20.31 and a 52 week high of C$23.28. The company has a market capitalization of $884.48, a price-to-earnings ratio of 13.05 and a beta of 0.03.

A number of research analysts have recently weighed in on VNR shares. National Bank Financial raised their target price on Valener from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Monday, November 27th. BMO Capital Markets restated a “market perform” rating and issued a C$23.50 target price on shares of Valener in a report on Monday, November 27th.

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About Valener

Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.

Dividend History for Valener (TSE:VNR)

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