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TORONTO, May 6, 2019 /CNW/ - Polaris Infrastructure Inc. (TSX:PIF) ("Polaris Infrastructure" or the "Company"), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to announce that its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding.
This dividend will be paid on May 30, 2019 to shareholders of record at the close of business on May 15, 2019.
The $0.15 dividend per share related to the first quarter of 2019 equates to a 30% payout ratio, which reflects the positive results the Company continued to produce.
The board of directors of Polaris Infrastructure remains committed to paying a quarterly dividend and will evaluate further dividend payments, as appropriate, going forward.
About Polaris Infrastructure
Polaris Infrastructure is a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America. Currently, the Company operates a 72MW geothermal project located in Nicaragua and a 5MW run-of-river project in Peru. The Company is also completing the construction of another 28 MW of run-of-river projects also located in Peru.
SOURCE Polaris Infrastructure Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/06/c1901.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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