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

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Stock Down 0.5 %

TSE PIF traded down C$0.06 on Wednesday, reaching C$12.61. The stock had a trading volume of 7,550 shares, compared to its average volume of 32,642. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$13.85. The business has a 50 day moving average price of C$13.06 and a 200 day moving average price of C$12.62. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63. The company has a market capitalization of C$265.82 million, a price-to-earnings ratio of 25.22, a P/E/G ratio of 3.28 and a beta of 0.97.

Wall Street Analyst Weigh In

Several research analysts have commented on PIF shares. Raymond James lifted their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 1st. Cormark lifted their price target on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research note on Thursday, January 30th. Finally, National Bankshares decreased their target price on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday.

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.