RAMPF - Polaris Infrastructure Inc.: This Renewable Energy Company Is A Hidden Gem For Dividend Seekers
Introduction and investment thesis
In these uncertain times, I have been looking at different dividend stocks, but realized a solid utility stock with a stable payout and reasonable valuation is becoming scarce. Polaris Infrastructure Inc. (RAMPF) [TSX:PIF] stood out to me. PIF is a renewable energy company specializing in the operation, development and acquisition of renewable energy projects in Latin America. It operates a geothermal project located in Nicaragua and run-of-river projects in Peru.
The company provides an approximate 5% dividend yield, backed by stable cash flows from energy projects. The company has also considerable