Polaris Renewable Energy Inc. Declares 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 given a dividend of 0.15 per share on Friday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Friday, May 10th.

Polaris Renewable Energy Stock Performance

Shares of Polaris Renewable Energy stock traded up C$0.24 during trading hours on Friday, hitting C$12.29. 58,047 shares of the company were exchanged, compared to its average volume of 50,363. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$15.77. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The business has a 50-day moving average of C$11.60 and a 200-day moving average of C$12.54. The stock has a market capitalization of C$259.07 million, a price-to-earnings ratio of 16.17, a P/E/G ratio of 3.28 and a beta of 0.89.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The company had revenue of C$25.53 million for the quarter, compared to analysts’ expectations of C$27.11 million. As a group, analysts expect that Polaris Renewable Energy will post 0.5694106 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Polaris Renewable Energy Company Profile

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.