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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Friday, November 29th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.10 per share by the solar energy provider on Monday, December 16th. This represents a $1.20 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Friday, November 29th.

Northland Power Stock Performance

NPI opened at C$20.03 on Thursday. The company has a 50 day simple moving average of C$21.55 and a two-hundred day simple moving average of C$22.52. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The firm has a market cap of C$5.16 billion, a P/E ratio of 83.63, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 1-year low of C$19.09 and a 1-year high of C$25.36.

Analyst Ratings Changes

Separately, Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$30.14.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.