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

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Monday, November 10th, TickerTech Dividends reports. Investors of record on Friday, November 21st will be paid a dividend of 0.15 per share on Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, November 10th.

Polaris Renewable Energy Stock Up 0.4%

Shares of Polaris Renewable Energy stock traded up C$0.05 during trading on Friday, reaching C$12.67. The stock had a trading volume of 34,891 shares, compared to its average volume of 35,603. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The company has a market capitalization of C$265.87 million, a price-to-earnings ratio of -23.46, a P/E/G ratio of 3.28 and a beta of 0.48. The stock has a fifty day moving average price of C$13.45 and a two-hundred day moving average price of C$12.55. Polaris Renewable Energy has a 52 week low of C$10.70 and a 52 week high of C$14.20.

Wall Street Analyst Weigh In

Separately, Cormark cut Polaris Renewable Energy from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$23.50.

About Polaris Renewable Energy

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.