Polaris Renewable Energy Inc. to Issue Quarterly Dividend of $0.20 (TSE:PIF)

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Friday, November 8th, Zacks reports. Investors of record on Friday, November 22nd will be given a dividend of 0.203 per share on Friday, November 22nd. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, November 8th.

Polaris Renewable Energy Price Performance

TSE PIF opened at C$12.69 on Thursday. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$14.14. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The firm has a market capitalization of C$267.51 million, a PE ratio of 25.38, a P/E/G ratio of 3.28 and a beta of 0.97. The company’s 50 day simple moving average is C$12.35 and its 200 day simple moving average is C$12.52.

Analyst Ratings Changes

A number of research firms recently commented on PIF. National Bankshares raised their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Raymond James lifted their price target on shares of 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.

About Polaris Renewable Energy

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.