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

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Monday, August 10th, TickerTech Dividends reports. Shareholders of record on Friday, August 21st will be given a dividend of 0.15 per share on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 10th.

Polaris Renewable Energy Stock Down 1.4%

Shares of TSE:PIF opened at C$15.23 on Friday. The firm has a 50 day simple moving average of C$15.01 and a 200 day simple moving average of C$13.33. Polaris Renewable Energy has a 52 week low of C$11.55 and a 52 week high of C$16.08. The company has a debt-to-equity ratio of 93.21, a quick ratio of 1.64 and a current ratio of 4.75. The company has a market cap of C$318.34 million, a PE ratio of 80.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.55.

Polaris Renewable Energy (TSE:PIF) last announced its earnings results on Thursday, July 30th. The company reported C($0.06) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a net margin of 5.34% and a return on equity of 1.73%. The firm had revenue of C$28.32 million for the quarter. As a group, research analysts expect that Polaris Renewable Energy will post 0.6481187 earnings per share for the current year.

About Polaris Renewable Energy

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).