TORONTO, Nov. 7, 2019 /CNW/ - Polaris Infrastructure Inc.
(TSX: PIF) ("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.
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.