Polaris Renewable Energy Inc. Announces Quarterly Dividend of $0.15 (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Thursday, May 2nd, TickerTech reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.15 per share on Friday, May 24th. This represents a $0.60 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, May 10th.

Polaris Renewable Energy Price Performance

TSE PIF traded up C$0.24 during trading hours on Friday, reaching C$12.29. The company’s stock had a trading volume of 58,047 shares, compared to its average volume of 50,363. The company has a debt-to-equity ratio of 64.88, a quick ratio of 1.64 and a current ratio of 1.72. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$15.77. The stock has a market cap of C$259.07 million, a PE ratio of 16.17, a PEG ratio of 3.28 and a beta of 0.89. The company’s 50-day moving average is C$11.60 and its two-hundred day moving average is C$12.54.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.03). The firm had revenue of C$25.53 million during the quarter, compared to analysts’ expectations of C$27.11 million. Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. Analysts forecast that Polaris Renewable Energy will post 0.5694106 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James reduced their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 25th.

Polaris Renewable Energy Company Profile

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.