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

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Stock Down 0.2 %

PIF stock traded down C$0.02 during trading on Wednesday, hitting C$12.65. 9,850 shares of the company’s stock traded hands, compared to its average volume of 32,815. The business has a fifty day simple moving average of C$13.06 and a two-hundred day simple moving average of C$12.62. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The firm has a market capitalization of C$266.66 million, a P/E ratio of 25.30, a PEG ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$13.85.

Wall Street Analysts Forecast Growth

PIF has been the subject of several recent research reports. National Bankshares reduced their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday. Raymond James lifted their price objective 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. Finally, Cormark increased their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

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.