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Polaris Infrastructure Inc.

Exchange: TSX Exchange | Jul 17, 2019, 3:43 PM EDT

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Polaris Infrastructure Declares Quarterly Dividend
Polaris Infrastructure Declares Quarterly Dividend

Canada NewsWire

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.  

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

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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/06/c1901.html

Investor Relations, Polaris Infrastructure Inc., Phone: +1 416-849-2587, Email: info@polarisinfrastructure.comCopyright CNW Group 2019

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