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

Key Points

• Polaris Renewable Energy Inc. announced a quarterly dividend of $0.15 per share, with an annualized yield of 4.8%, payable to shareholders of record on August 22nd.
• Polaris Renewable Energy's stock price increased by 0.2% to C$12.58, with a market capitalization of C$186.96 million.
• Equity analysts have mixed ratings on the stock, with National Bank Financial upgrading it to a "strong-buy" while other firms downgraded their ratings to "moderate buy."

Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) announced a quarterly dividend on Monday, August 11th, TickerTech Dividends reports. Shareholders of record on Friday, August 22nd will be given a dividend of 0.15 per share on Friday, August 22nd. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, August 11th.

Polaris Renewable Energy Stock Up 0.2%

Shares of PIF traded up C$0.02 during mid-day trading on Friday, hitting C$12.58. 23,019 shares of the company traded hands, compared to its average volume of 30,934. Polaris Renewable Energy has a 1-year low of C$10.70 and a 1-year high of C$13.66. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The company has a market capitalization of C$186.96 million, a PE ratio of 26.06, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The business has a 50 day moving average of C$12.12 and a 200 day moving average of C$12.03.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PIF shares. National Bank Financial upgraded shares of Polaris Renewable Energy to a "strong-buy" rating in a report on Sunday, June 8th. Cormark downgraded shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a report on Friday, August 1st. Finally, Raymond James Financial downgraded shares of Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 1st.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.

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