Today, August 25, 2023, marks an important moment for investors of Polaris Renewable Energy PIF. The company will distribute a dividend payout of $0.15 per share, demonstrating an annualized dividend yield of 4.24%. Remember, only shareholders prior to the ex-dividend date on August 11, 2023 are eligible for this payout.
Polaris Renewable Energy Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-11 | 4 | $0.15 | 4.24% | 2023-08-03 | 2023-08-14 | 2023-08-25 |
| 2023-05-12 | 4 | $0.15 | 4.65% | 2023-05-04 | 2023-05-15 | 2023-05-26 |
| 2023-02-10 | 4 | $0.15 | 4.02% | 2023-02-06 | 2023-02-13 | 2023-02-24 |
| 2022-11-11 | 4 | $0.15 | 3.67% | 2022-11-03 | 2022-11-14 | 2022-11-25 |
| 2022-08-12 | 4 | $0.15 | 2.76% | 2022-08-04 | 2022-08-15 | 2022-08-26 |
| 2022-05-13 | 4 | $0.15 | 3.29% | 2022-05-10 | 2022-05-16 | 2022-05-27 |
| 2022-02-22 | 4 | $0.15 | 3.78% | 2022-02-14 | 2022-02-23 | 2022-02-25 |
| 2021-11-12 | 4 | $0.15 | 3.2% | 2021-11-04 | 2021-11-15 | 2021-11-26 |
| 2021-08-13 | 4 | $0.15 | 3.24% | 2021-08-05 | 2021-08-16 | 2021-08-27 |
| 2021-05-14 | 4 | $0.15 | 3.07% | 2021-05-06 | 2021-05-17 | 2021-05-28 |
| 2021-02-18 | 4 | $0.15 | 2.82% | 2021-02-03 | 2021-02-19 | 2021-02-26 |
| 2020-11-19 | 4 | $0.15 | 4.49% | 2020-11-05 | 2020-11-20 | 2020-11-30 |
Analyzing Polaris Renewable Energy Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2022, investors observed a stable dividend per share of $0.60 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Polaris Renewable Energy
The earnings chart above reveals a decrease in Polaris Renewable Energy's earnings per share, declining from $1.11 in 2020 to $-0.07 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article provides an in-depth analysis of Polaris Renewable Energy's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.15 per share, resulting in an annualized dividend yield of 4.24%.
Even though there has been no change in the dividend per share from 2020 to 2022, the declining earnings per share of Polaris Renewable Energy reflect a weaker financial footing, which may limit the company's ability to consistently reward shareholders with profit distributions.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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