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

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.15 per share on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, May 10th.

Polaris Renewable Energy Stock Performance

Shares of PIF stock opened at C$12.66 on Wednesday. The business’s 50-day moving average price is C$11.63 and its 200-day moving average price is C$12.52. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$15.77. The firm has a market capitalization of C$266.87 million, a price-to-earnings ratio of 16.66, a PEG ratio of 3.28 and a beta of 0.89. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88.

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

Analysts Set New Price Targets

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

About Polaris Renewable Energy

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.