Polaris Renewable Energy Inc. (PIF) to Issue Quarterly Dividend of $0.15 on May 24th

Posted by Patrick Bannon on May 4th, 2024

Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) declared a quarterly dividend on Thursday, May 2nd, TickerTech reports. Shareholders 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 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, May 10th.

Polaris Renewable Energy Stock Up 2.0 %

Shares of TSE PIF traded up C$0.24 during midday trading on Friday, hitting C$12.29. 58,047 shares of the company’s stock were exchanged, compared to its average volume of 50,363. The company has a debt-to-equity ratio of 64.88, a current ratio of 1.72 and a quick ratio of 1.64. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$15.77. The company has a market cap of C$259.07 million, a PE ratio of 16.17, a P/E/G ratio of 3.28 and a beta of 0.89. The firm’s fifty day simple moving average is C$11.60 and its 200-day simple moving average is C$12.54.

Polaris Renewable Energy (TSE:PIF – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million. Research analysts predict that Polaris Renewable Energy will post 0.5694106 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James dropped their price objective on shares of 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.

Get Our Latest Stock Analysis on Polaris Renewable Energy

About Polaris Renewable Energy

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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.