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

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Monday, August 10th, TickerTech Dividends reports. Investors of record on Friday, August 21st will be paid a dividend of 0.15 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 10th.

Polaris Renewable Energy Stock Down 1.4%

PIF opened at C$15.23 on Friday. The firm has a market cap of C$318.34 million, a P/E ratio of 80.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.55. The company has a debt-to-equity ratio of 93.21, a quick ratio of 1.64 and a current ratio of 4.75. The business has a 50 day moving average price of C$15.01 and a 200 day moving average price of C$13.33. Polaris Renewable Energy has a twelve month low of C$11.55 and a twelve month high of C$16.08.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings results on Thursday, July 30th. The company reported C($0.06) EPS for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The firm had revenue of C$28.32 million during the quarter. Research analysts forecast that Polaris Renewable Energy will post 0.6481187 EPS for the current year.

Insider Transactions at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total value of C$251,200.00. Following the transaction, the director directly owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This trade represents a 3.93% decrease in their position. In the last quarter, insiders have acquired 25,000 shares of company stock valued at $318,100. Company insiders own 2.94% of the company’s stock.

About Polaris Renewable Energy

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).