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

Polaris Renewable Energy Inc. (TSE:PIF) announced a quarterly dividend on Friday, May 10th, TickerTech reports. Investors of record on Friday, May 24th will be given a dividend of 0.15 per share on Friday, May 24th. This represents a $0.60 annualized dividend and a yield of 4.75%. The ex-dividend date is Friday, May 10th.

Polaris Renewable Energy Stock Down 0.2 %

Shares of TSE PIF opened at C$12.64 on Thursday. The company has a debt-to-equity ratio of 63.65, a current ratio of 1.87 and a quick ratio of 1.64. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$15.77. The stock has a market capitalization of C$266.45 million, a P/E ratio of 16.85, a P/E/G ratio of 3.28 and a beta of 0.89. The company has a 50-day moving average price of C$11.65 and a 200-day moving average price of C$12.52.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.21% and a net margin of 14.42%. The company had revenue of C$25.53 million for the quarter, compared to the consensus estimate of C$27.11 million. On average, equities research analysts forecast that Polaris Renewable Energy will post 0.699115 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James cut their price target on shares of Polaris Renewable Energy from C$21.50 to C$19.00 and set a “strong-buy” rating on the stock in a report on Thursday, April 25th.

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.