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. Shareholders 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 Performance

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

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of C$23.50.

Polaris Renewable Energy Company Profile

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.