Polaris Renewable Energy Inc. (PIF) to Issue Quarterly Dividend of $0.15 on February 28th

Polaris Renewable Energy Inc. (TSE:PIFGet Free Report) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Stock Performance

Shares of Polaris Renewable Energy stock traded up C$0.03 during trading hours on Wednesday, reaching C$12.70. 10,680 shares of the stock traded hands, compared to its average volume of 32,843. The company has a 50 day moving average price of C$13.06 and a 200 day moving average price of C$12.62. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The firm has a market capitalization of C$267.72 million, a price-to-earnings ratio of 25.40, a P/E/G ratio of 3.28 and a beta of 0.97.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Cormark lifted their price objective on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th. National Bankshares decreased their price objective on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Raymond James raised their price objective on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note on Friday, November 1st.

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Polaris Renewable Energy Company Profile

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Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.

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Dividend History for Polaris Renewable Energy (TSE:PIF)

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