Northland Power Inc. (NPI) Announces $0.09 Monthly Dividend

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Friday, September 8th, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.09 per share by the solar energy provider on Monday, October 16th. This represents a $1.08 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Thursday, September 28th.

Shares of Northland Power (NPI) traded down 0.82% during mid-day trading on Friday, reaching $22.85. The company had a trading volume of 172,648 shares. The firm has a 50 day moving average of $23.61 and a 200-day moving average of $23.72. The stock has a market capitalization of $3.98 billion and a P/E ratio of 18.58. Northland Power has a one year low of $20.89 and a one year high of $25.04.

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Several brokerages have recently commented on NPI. BMO Capital Markets boosted their price objective on Northland Power from C$24.00 to C$24.50 in a research report on Friday, September 8th. Royal Bank Of Canada boosted their price objective on Northland Power from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 23rd. Finally, TD Securities upgraded Northland Power from a “buy” rating to an “action list buy” rating and set a C$27.00 price objective on the stock in a research report on Monday, June 26th.

Northland Power Company Profile

Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.

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