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TORONTO - Polaris (NYSE:PII) Renewable Energy Inc. (TSX:PIF), a company specializing in renewable energy projects in Latin America and the Caribbean, has declared a quarterly dividend of US$0.15 per common share. Shareholders on record by the close of business on May 12th will receive the dividend payment on May 23rd, the company announced today.
The dividend has been classified as an "eligible dividend" for Canadian tax purposes. Polaris’s board of directors emphasized their dedication to providing quarterly dividends and will consider possible increases in the future.
Polaris Renewable Energy operates a diverse portfolio of renewable energy assets, including an 82 MW geothermal plant, 39 MW from four run-of-river hydroelectric plants, 35 MW from three solar photovoltaic projects, and a 26 MW onshore wind park.
This announcement is based on a press release statement and reflects the company’s ongoing commitment to contribute to the energy transition through its operations in renewable energy. While Polaris’s board is optimistic about the company’s ability to maintain dividend payments, investors are reminded that forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.
The company’s forward-looking statements in the press release address potential future events or performance, including investment plans and financial benefits. However, these statements are based on current management beliefs and available information and are not guarantees of future performance.
Polaris Renewable Energy advises readers not to place undue reliance on these forward-looking statements, which are subject to risks such as business and economic conditions, political instability, labor availability, and the completion of development or construction activities.
The information contained in this article is derived from the press release issued by Polaris Renewable Energy Inc. on May 1, 2025.
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