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

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.15 per share on Friday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Friday, May 10th.

Polaris Renewable Energy Stock Up 2.0 %

TSE PIF traded up C$0.24 on Friday, hitting C$12.29. 58,047 shares of the company were exchanged, compared to its average volume of 50,363. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$15.77. The company has a current ratio of 1.72, a quick ratio of 1.64 and a debt-to-equity ratio of 64.88. The company has a market cap of C$259.07 million, a PE ratio of 16.17, a PEG ratio of 3.28 and a beta of 0.89. The stock has a fifty day moving average of C$11.60 and a 200-day moving average of C$12.54.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The company had revenue of C$25.53 million for the quarter, compared to the consensus estimate of C$27.11 million. As a group, analysts forecast that Polaris Renewable Energy will post 0.5694106 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James decreased their price objective on Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating for the company in a report on Thursday, April 25th.

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.