Polaris Renewable Energy Inc. (PIF) To Go Ex-Dividend on February 9th

Polaris Renewable Energy Inc. (TSE:PIFGet Free Report) announced a quarterly dividend on Friday, February 9th, TickerTech reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.15 per share on Friday, February 23rd. This represents a $0.60 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Friday, February 9th.

Polaris Renewable Energy Price Performance

Shares of TSE:PIF opened at C$13.41 on Wednesday. The company has a 50 day moving average of C$13.06 and a 200 day moving average of C$13.69. The stock has a market cap of C$282.01 million, a P/E ratio of 15.59, a P/E/G ratio of 3.28 and a beta of 0.91. Polaris Renewable Energy has a 12 month low of C$12.35 and a 12 month high of C$15.77. The company has a current ratio of 1.77, a quick ratio of 1.64 and a debt-to-equity ratio of 65.81.

Analyst Upgrades and Downgrades

PIF has been the subject of several recent analyst reports. Cormark reduced their price objective on shares of Polaris Renewable Energy from C$40.00 to C$35.00 in a research note on Friday, November 3rd. Raymond James cut their price target on shares of Polaris Renewable Energy from C$26.00 to C$21.50 and set a “strong-buy” rating for the company in a research note on Thursday, October 26th.

View Our Latest Stock Analysis on PIF

Insider Transactions at Polaris Renewable Energy

In other news, Senior Officer Anthony Nenard Jelic sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$13.09, for a total value of C$785,616.00. Following the completion of the sale, the insider now directly owns 595 shares in the company, valued at approximately C$7,790.69. Company insiders own 3.04% of the company’s stock.

About Polaris Renewable Energy

(Get Free Report)

Polaris Renewable Energy Inc engages in the acquisition, development, and operation of renewable energy projects in Latin America. It operates a 72 MW net geothermal facility in Nicaragua; and 4 run-of-river hydroelectric facilities in Peru and Ecuador with approximately 33 MW net capacity; and solar project in the Dominican Republic and Panama.

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Dividend History for Polaris Renewable Energy (TSE:PIF)

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