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

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 paid a dividend of 0.15 per share on Friday, August 22nd. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, August 11th.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock traded down C$0.10 during mid-day trading on Thursday, reaching C$12.33. The company had a trading volume of 26,089 shares, compared to its average volume of 30,983. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. Polaris Renewable Energy has a 52 week low of C$10.70 and a 52 week high of C$13.66. The company has a 50 day moving average of C$12.15 and a 200-day moving average of C$12.02. The firm has a market cap of C$183.24 million, a price-to-earnings ratio of 25.54, a PEG ratio of 3.28 and a beta of 0.97.

Analyst Ratings Changes

A number of brokerages recently commented on PIF. Raymond James Financial lowered Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 1st. National Bank Financial upgraded Polaris Renewable Energy to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Cormark lowered Polaris Renewable Energy from a "strong-buy" rating to a "moderate buy" rating in a research note on Friday, August 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.