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

Polaris Renewable Energy Inc. (TSE:PIFGet Free Report) declared a quarterly dividend on Friday, February 9th, TickerTech reports. Investors of record on Friday, February 23rd will be given a dividend of 0.15 per share on Friday, February 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Friday, February 9th.

Polaris Renewable Energy Price Performance

PIF stock opened at C$13.41 on Wednesday. The stock has a market cap of C$282.01 million, a price-to-earnings ratio of 15.59, a P/E/G ratio of 3.28 and a beta of 0.91. The company has a debt-to-equity ratio of 65.81, a current ratio of 1.77 and a quick ratio of 1.64. The company has a 50 day simple moving average of C$13.06 and a 200 day simple moving average of C$13.69. Polaris Renewable Energy has a 1 year low of C$12.35 and a 1 year high of C$15.77.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PIF shares. Cormark cut their target price on shares of Polaris Renewable Energy from C$40.00 to C$35.00 in a research report on Friday, November 3rd. Raymond James dropped their price target on shares of Polaris Renewable Energy from C$26.00 to C$21.50 and set a “strong-buy” rating for the company in a research note on Thursday, October 26th.

Check Out Our Latest Analysis on PIF

Insider Activity

In related news, Senior Officer Anthony Nenard Jelic sold 60,000 shares of Polaris Renewable Energy stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$13.09, for a total transaction of C$785,616.00. Following the completion of the transaction, the insider now owns 595 shares of the company’s stock, valued at C$7,790.69. Insiders own 3.04% of the company’s stock.

About Polaris Renewable Energy

(Get Free Report)

Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. It operates a 72 MW net geothermal facility in Nicaragua; and 4 run-of-river hydroelectric facilities in Peru and Ecuador with approximately 33 MW net capacity; and solar project in the Dominican Republic and Panama.

See Also

Dividend History for Polaris Renewable Energy (TSE:PIF)

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