TORONTO, May 6, 2019 /CNW/ - 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 May 30, 2019 to shareholders of record at the close of business on May 15, 2019.
The $0.15 dividend per share related to the first quarter of 2019 equates to a 30% payout ratio, which reflects the positive results the Company continued 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 is also completing the construction of another 28 MW of run-of-river projects also located in Peru.
SOURCE Polaris Infrastructure Inc.
For further information: Investor Relations, Polaris Infrastructure Inc., Phone: +1 416-849-2587, Email: firstname.lastname@example.org