Polaris Infrastructure Declares Quarterly Dividend

Rhea-AI Summary

Polaris Infrastructure has declared a quarterly dividend of US$0.15 per share, with a payment date set for November 26, 2021. Shareholders of record by November 15, 2021 will receive this eligible dividend, recognized for Canadian income tax purposes. The board emphasizes its ongoing commitment to quarterly dividends and plans to assess potential increases in the future. The company focuses on renewable energy projects in Latin America, operating geothermal and run-of-river projects in Nicaragua and Peru, respectively.

Positive

• Quarterly dividend of US$0.15 per share announced.
• Commitment to evaluate further dividend increases.
• Strong operational presence with geothermal and run-of-river projects in Latin America.

Negative

• None.

TORONTO, ON / ACCESSWIRE / November 4, 2021 / 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 November 26th, 2021 to shareholders of record at the close of business on November 15th, 2021. The dividend is an "eligible dividend" as designated for Canadian federal, provincial and territorial income tax purposes.

The board of directors of Polaris Infrastructure remains committed to paying a quarterly dividend and will evaluate further dividend increases, 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 as well as another 28 MW of run-of-river projects located in Peru.

Investor Relations
Polaris Infrastructure Inc.Phone: +1 416-849-2587
Email: info@polarisinfrastructure.com

SOURCE: Polaris Infrastructure Inc.

View source version on accesswire.com:
https://www.accesswire.com/671033/Polaris-Infrastructure-Declares-Quarterly-Dividend

FAQ

What is the dividend amount declared by Polaris Infrastructure?

Polaris Infrastructure has declared a quarterly dividend of US$0.15 per share.

When will the dividend be paid?

The dividend will be paid on November 26, 2021.

What is the record date for the dividend?

Shareholders must be on record by November 15, 2021, to receive the dividend.

Is the dividend eligible for Canadian tax purposes?

Yes, the dividend is considered an eligible dividend for Canadian federal, provincial, and territorial income tax purposes.

What projects does Polaris Infrastructure operate?

Polaris operates a 72MW geothermal project in Nicaragua and run-of-river projects totaling 33MW in Peru.