Canada Markets close in 3 hrs 38 mins

Polaris Infrastructure Declares Quarterly Dividend

TORONTO, Nov. 7, 2019 /CNW/ - Polaris Infrastructure Inc. (TSX:PIF.TO - News) ("Polaris Infrastructure" or the "Company"), a Toronto-based company engaged in the acquisition, development and operation 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.  

Polaris Infrastructure Inc (CNW Group/Polaris Infrastructure Inc.)

This dividend will be paid on November 29th, 2019 to shareholders of record at the close of business on November 18th, 2019.

The $0.15 dividend per share related to the third quarter of 2019 equates to a 35% payout ratio, which reflects the positive results the Company continues 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 completed 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/November2019/07/c1808.html