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

by · The Markets Daily

Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) declared a quarterly dividend on Thursday, November 12th. Investors of record on Friday, November 20th will be given a dividend of $0.15 per share on Friday, November 20th. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, November 12th.

Polaris Renewable Energy Price Performance

Polaris Renewable Energy stock opened at C$14.08 on Tuesday. Polaris Renewable Energy has a 52 week low of C$11.55 and a 52 week high of C$16.08. The company’s 50 day moving average price is C$13.80 and its two-hundred day moving average price is C$13.56. The stock has a market cap of C$294.20 million, a P/E ratio of 74.11, a P/E/G ratio of 3.28 and a beta of 0.53. The company has a quick ratio of 1.64, a current ratio of 4.75 and a debt-to-equity ratio of 93.21.

Polaris Renewable Energy (TSE:PIF – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported C($0.48) earnings per share (EPS) for the quarter. The business had revenue of C$27.06 million during the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, equities analysts predict that Polaris Renewable Energy will post 0.65 earnings per share for the current year.

About Polaris Renewable Energy

(Get Free Report)

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).

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