Polaris Infrastructure Inc (PIF) Plans Dividend Increase – C$0.11 Per Share
Polaris Infrastructure Inc (TSE:PIF) declared a quarterly dividend on Wednesday, November 16th. Stockholders of record on Thursday, November 24th will be paid a dividend of 0.11 per share on Thursday, November 24th. This represents a $0.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Polaris Infrastructure’s previous quarterly dividend of $0.10.
Polaris Infrastructure (TSE:PIF) opened at 16.28 on Friday. Polaris Infrastructure has a 52 week low of $6.44 and a 52 week high of $18.59. The stock’s 50 day moving average price is $16.97 and its 200 day moving average price is $11.66. The firm’s market cap is $255.08 million.
PIF has been the topic of a number of recent research reports. Canaccord Genuity raised their price objective on Polaris Infrastructure from C$12.00 to C$18.50 in a research note on Friday, August 26th. Mackie raised their price objective on Polaris Infrastructure from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, August 26th.
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