Polaris Renewable Energy Inc. (PIF) to Issue Quarterly Dividend of $0.15 on February 28th

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 4.74%. The ex-dividend date is Friday, February 14th.

Polaris Renewable Energy Stock Performance

PIF traded down C$0.02 during midday trading on Wednesday, reaching C$12.65. The company had a trading volume of 9,850 shares, compared to its average volume of 32,815. The company has a quick ratio of 1.64, a current ratio of 1.86 and a debt-to-equity ratio of 62.63. Polaris Renewable Energy has a 1 year low of C$11.08 and a 1 year high of C$13.85. The company has a market cap of C$266.66 million, a P/E ratio of 25.30, a P/E/G ratio of 3.28 and a beta of 0.97. The business has a 50-day moving average of C$13.06 and a two-hundred day moving average of C$12.62.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PIF shares. National Bankshares cut 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. Raymond James lifted their price target 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. Finally, Cormark boosted their target price on Polaris Renewable Energy from C$23.50 to C$25.00 in a research report on Thursday, January 30th.

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.