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

Polaris Renewable Energy Inc. (TSE:PIF) declared a quarterly dividend on Thursday, November 12th. Investors of record on Friday, November 20th will be paid a dividend of $0.15 per share on Friday, November 20th. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, November 12th.

Polaris Renewable Energy Stock Performance

Polaris Renewable Energy stock opened at C$14.08 on Tuesday. The company has a debt-to-equity ratio of 93.21, a current ratio of 4.75 and a quick ratio of 1.64. Polaris Renewable Energy has a 1-year low of C$11.55 and a 1-year high of C$16.08. The firm has a market capitalization of C$294.20 million, a P/E ratio of 74.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. The company’s 50-day moving average is C$13.80 and its 200 day moving average is C$13.56.

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings data on Thursday, November 5th. The company reported C($0.48) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a return on equity of 1.73% and a net margin of 5.34%. The firm had revenue of C$27.06 million during the quarter. During the same period in the prior year, the firm posted ($0.02) earnings per share. Research analysts forecast that Polaris Renewable Energy will post 0.65 EPS for the current year.

Insider Buying and Selling at Polaris Renewable Energy

In related news, Director Marc Murnaghan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of C$13.74, for a total transaction of C$137,400.00. Following the completion of the sale, the director directly owned 504,524 shares of the company’s stock, valued at approximately C$6,932,159.76. This trade represents a 1.94% decrease in their position. Insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company’s operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).