Northland Power Inc. (TSE:NPI) Plans $0.06 Monthly Dividend

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.06 per share by the solar energy provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th.

Northland Power Stock Down 0.3%

Northland Power stock opened at C$22.05 on Friday. The business has a fifty day moving average of C$22.98 and a two-hundred day moving average of C$21.09. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a market cap of C$5.77 billion, a P/E ratio of -38.68, a P/E/G ratio of 0.71 and a beta of 0.81. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Analyst Ratings Changes

NPI has been the topic of a number of recent research reports. Scotia raised their price objective on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Desjardins lowered their price target on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a report on Friday, May 15th. TD lifted their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Raymond James Financial boosted their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northland Power presently has an average rating of “Hold” and a consensus target price of C$24.80.

Northland Power Company Profile

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.