Polaris Renewable Energy Inc. (PIF) to Issue Quarterly Dividend of $0.20 on November 22nd

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Friday, November 8th, Zacks reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.203 per share on Friday, November 22nd. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Friday, November 8th.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$12.62 on Wednesday. The stock has a market cap of C$266.03 million, a P/E ratio of 25.24, a P/E/G ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$14.14. The stock has a 50 day moving average of C$12.33 and a two-hundred day moving average of C$12.51. The company has a current ratio of 1.86, a quick ratio of 1.64 and a debt-to-equity ratio of 62.63.

Analyst Ratings Changes

PIF has been the topic of several research reports. National Bankshares raised their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Raymond James increased their price objective on 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.

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.