Polaris Infrastructure Declares Quarterly Dividend

Rhea-AI Summary

Polaris Infrastructure (TSX:PIF) has declared a quarterly dividend of US$0.15 per share. The dividend will be paid on February 25, 2022, to shareholders on record by the close of business on February 23, 2022. Designated as an 'eligible dividend' for Canadian tax purposes, Polaris confirms its commitment to quarterly dividends and will consider increases in the future. The company operates renewable energy projects in Latin America, including a 72MW geothermal project in Nicaragua and additional run-of-river projects in Peru.

Positive

• Quarterly dividend declared at US$0.15 per share.
• Dividend payment supports shareholder income.
• Commitment to future dividend increases.

Negative

• None.

TORONTO, ON / ACCESSWIRE / February 14, 2022 / 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 February 25, 2022 to shareholders of record at the close of business on February 23, 2022. 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/688598/Polaris-Infrastructure-Declares-Quarterly-Dividend

FAQ

What is the dividend amount for Polaris Infrastructure in February 2022?

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

When will Polaris Infrastructure pay the dividend?

The dividend will be paid on February 25, 2022.

Who is eligible for the dividend from Polaris Infrastructure?

Shareholders of record at the close of business on February 23, 2022, are eligible for the dividend.

Is the dividend from Polaris Infrastructure an eligible dividend?

Yes, the dividend is designated as an 'eligible dividend' for Canadian tax purposes.

What renewable energy projects does Polaris Infrastructure operate?

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