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Polaris Renewable Energy Declares Quarterly Dividend

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Polaris Renewable Energy (TSX:PIF) has announced a quarterly dividend of US$0.15 per common share. The dividend will be paid on November 22nd, 2024 to shareholders of record as of November 11th, 2024. The company confirms this is an 'eligible dividend' for Canadian tax purposes. The board of directors has expressed their commitment to maintaining quarterly dividend payments and will consider potential increases in the future.

Polaris Renewable Energy (TSX:PIF) ha annunciato un dividendo trimestrale di US$0,15 per azione ordinaria. Il dividendo sarà pagato il 22 novembre 2024 agli azionisti registrati al 11 novembre 2024. L'azienda conferma che si tratta di un 'dividendo idoneo' ai fini fiscali canadesi. Il consiglio di amministrazione ha espresso il proprio impegno a mantenere i pagamenti trimestrali dei dividendi e valuterà possibili aumenti in futuro.

Polaris Renewable Energy (TSX:PIF) ha anunciado un dividendo trimestral de US$0.15 por acción común. El dividendo se pagará el 22 de noviembre de 2024 a los accionistas registrados hasta el 11 de noviembre de 2024. La compañía confirma que este es un 'dividendo elegible' para fines fiscales canadienses. La junta directiva ha manifestado su compromiso de mantener los pagos trimestrales de dividendos y considerará posibles aumentos en el futuro.

폴라리스 재생 에너지 (TSX:PIF)는 보통주 1주당 US$0.15의 분기 배당금을 발표했습니다. 배당금은 2024년 11월 22일2024년 11월 11일 기준 주주에게 지급될 예정입니다. 회사는 이 배당금이 캐나다 세법상 '적격 배당금'이라고 확인했습니다. 이사회는 분기별 배당금 지급 유지에 대한 의지를 표명했으며, 향후 증액 가능성을 고려할 것입니다.

Polaris Renewable Energy (TSX:PIF) a annoncé un dividende trimestriel de 0,15 $US par action ordinaire. Le dividende sera payé le 22 novembre 2024 aux actionnaires inscrits au 11 novembre 2024. La société confirme qu'il s'agit d'un 'dividende admissible' aux fins fiscales canadiennes. Le conseil d'administration a exprimé son engagement à maintenir les paiements trimestriels de dividendes et envisagera d'éventuelles augmentations à l'avenir.

Polaris Renewable Energy (TSX:PIF) hat eine vierteljährliche Dividende von US$0,15 pro Stammaktie angekündigt. Die Dividende wird am 22. November 2024 an die Aktionäre ausgezahlt, die am 11. November 2024 im Aktienregister stehen. Das Unternehmen bestätigt, dass es sich um eine 'berechtigte Dividende' für kanadische Steuerzwecke handelt. Der Verwaltungsrat hat sein Engagement zur Aufrechterhaltung der vierteljährlichen Dividendenzahlungen bekundet und wird mögliche Erhöhungen in der Zukunft in Betracht ziehen.

Positive
  • Consistent quarterly dividend payment of US$0.15 per share
  • Board's commitment to maintain regular dividend payments
  • Potential for future dividend increases
Negative
  • None.

TORONTO, ON / ACCESSWIRE / October 31, 2024 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), 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 22nd, 2024 to shareholders of record at the close of business on November 11th, 2024. The dividend is an "eligible dividend" as designated for Canadian federal, provincial, and territorial income tax purposes.

The board of directors of Polaris Renewable Energy remains committed to paying a quarterly dividend and will evaluate further dividend increases, as appropriate, going forward.

About Polaris Renewable Energy Inc.

Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America. We are a high-performing and financially sound contributor in the energy transition.

The Company's operations are in 5 Latin American countries and include a geothermal plant (82 MW), 4 run-of- river hydroelectric plants (39 MW), 3 solar (photovoltaic) projects in operation (35 MW).

For more information, contact :

Investor Relations
Polaris Renewable Energy Inc.
Phone: +1 647-245-7199
Email: info@PolarisREI.com

This press release contains certain "forward-looking information" which may include, but is not limited to, statements with respect to future events or future performance, management's expectations regarding the ability of the Company to continue to pay dividends in the future. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. Such factors include, among others, the inability of the Company to pay or increase dividends which may be affected by such factors as general business, economic, competitive, political and social uncertainties; the actual results of current geothermal, solar and hydro energy production, development and/or exploration activities and the accuracy of probability simulations prepared to predict prospective geothermal resources; changes in project parameters as plans continue to be refined; possible variations of production rates; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the geothermal and hydro power industries; political instability or insurrection or war; labor force availability and turnover; delays in obtaining governmental approvals or in the completion of development or construction activities, or in the commencement of operations; the ability of the Company to continue as a going concern and general economic conditions, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form. These factors should be considered carefully and readers of this press release should not place undue reliance on forward-looking information.

Although the forward-looking information contained in this press release is based upon what management believes to be reasonable assumptions, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The information in this press release, including such forward-looking information, is made as of the date of this press release and, other than as required by applicable securities laws, Polaris assumes no obligation to update or revise such information to reflect new events or circumstances.

SOURCE: Polaris Renewable Energy Inc.



View the original press release on accesswire.com

FAQ

What is Polaris Renewable Energy's dividend amount for Q4 2024?

Polaris Renewable Energy (TSX:PIF) declared a quarterly dividend of US$0.15 per common share for Q4 2024.

When is Polaris Renewable Energy's Q4 2024 dividend payment date?

The dividend will be paid on November 22nd, 2024, to shareholders of record as of November 11th, 2024.

Is Polaris Renewable Energy's dividend considered an eligible dividend for Canadian tax purposes?

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

Will Polaris Renewable Energy continue paying quarterly dividends?

Yes, the board of directors has confirmed their commitment to paying quarterly dividends and will evaluate potential increases in the future.

POLARIS RENEWABLE ENERGY

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