Polaris Renewable Energy Inc. (PIF) to Issue Quarterly Dividend of $0.15 on May 22nd

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Thursday, May 14th, TickerTech Dividends reports. Investors of record on Friday, May 22nd will be paid a dividend of 0.15 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, May 14th.

Polaris Renewable Energy Trading Up 0.7%

TSE PIF traded up C$0.09 during trading hours on Tuesday, hitting C$12.59. 54,485 shares of the company were exchanged, compared to its average volume of 39,770. The company has a quick ratio of 1.64, a current ratio of 4.90 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy has a 52 week low of C$11.40 and a 52 week high of C$14.20. The stock has a market cap of C$263.07 million, a PE ratio of -96.85, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43. The stock has a 50-day moving average price of C$12.46 and a 200 day moving average price of C$12.34.

Polaris Renewable Energy (TSE:PIF) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) earnings per share for the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. The firm had revenue of C$27.48 million for the quarter. Analysts forecast that Polaris Renewable Energy will post 0.6481187 earnings per share for the current fiscal year.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).