Polaris Renewable Energy Inc. (TSE:PIF) Plans $0.20 Quarterly Dividend

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.203 per share on Friday, November 22nd. This represents a $0.81 annualized dividend and a yield of 6.71%. The ex-dividend date is Friday, November 8th.

Polaris Renewable Energy Trading Up 0.8 %

Shares of PIF stock opened at C$12.10 on Friday. The firm has a 50 day moving average price of C$12.31 and a two-hundred day moving average price of C$12.50. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. The company has a market capitalization of C$255.07 million, a PE ratio of 24.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$14.14.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.03). The company had revenue of C$25.59 million for the quarter, compared to analyst estimates of C$25.50 million. Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. As a group, analysts predict that Polaris Renewable Energy will post 0.6481187 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PIF shares. Raymond James raised their price objective on shares of 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. National Bankshares lifted their price target on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th.

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.