Northland Power Inc. (TSE:NPI) Announces Monthly Dividend of $0.10

Northland Power Inc. (TSE:NPI - Get Free Report) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.10 per share by the solar energy provider on Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend is Monday, March 31st.

Northland Power Price Performance

Shares of Northland Power stock traded up C$0.02 during mid-day trading on Wednesday, reaching C$19.59. 206,686 shares of the stock were exchanged, compared to its average volume of 1,137,167. The company has a market cap of C$5.14 billion, a price-to-earnings ratio of -35.89, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The firm has a 50-day simple moving average of C$18.38 and a 200 day simple moving average of C$19.65.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NPI shares. TD Securities lifted their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Cormark cut their price objective on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Raymond James decreased their target price on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. National Bankshares cut their price target on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Finally, Scotiabank decreased their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Northland Power has an average rating of "Moderate Buy" and a consensus price target of C$27.21.

Remove Ads

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.