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

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 paid a dividend of 0.15 per share on Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Stock Up 0.2 %

Shares of PIF traded up C$0.03 during mid-day trading on Wednesday, hitting C$12.70. 10,680 shares of the company’s stock were exchanged, compared to its average volume of 32,843. The stock’s 50-day moving average is C$13.06 and its 200-day moving average is C$12.62. The company has a market cap of C$267.72 million, a price-to-earnings ratio of 25.40, a P/E/G ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$13.85.

Analyst Ratings Changes

Several brokerages recently weighed in on PIF. Cormark raised their target price on shares of Polaris Renewable Energy from C$23.50 to C$25.00 in a report on Thursday, January 30th. National Bankshares lowered their target price on shares of Polaris Renewable Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Raymond James raised their price target on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the company a “strong-buy” rating in a research note 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.