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

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Trading Down 0.5 %

Shares of PIF stock traded down C$0.06 on Wednesday, reaching C$12.61. 7,250 shares of the stock were exchanged, compared to its average volume of 32,624. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. Polaris Renewable Energy has a one year low of C$11.08 and a one year high of C$13.85. The stock has a market cap of C$265.82 million, a PE ratio of 25.22, a P/E/G ratio of 3.28 and a beta of 0.97. The stock has a 50 day moving average price of C$13.06 and a 200 day moving average price of C$12.62.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Cormark boosted their price objective on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th. National Bankshares cut their price target on Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Raymond James upped 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.

About Polaris Renewable Energy

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.