Northland Power Inc. (NPI) to Issue Monthly Dividend of $0.10 on May 15th

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.10 per share by the solar energy provider on Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Monday, April 29th.

Northland Power Stock Performance

Shares of NPI opened at C$20.50 on Friday. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$33.80. The company has a market cap of C$5.24 billion, a price-to-earnings ratio of -28.47, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The company has a debt-to-equity ratio of 165.58, a quick ratio of 1.23 and a current ratio of 1.13. The firm has a fifty day moving average of C$22.47 and a 200-day moving average of C$22.79.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The firm had revenue of C$626.22 million for the quarter, compared to analyst estimates of C$614.15 million. As a group, equities analysts anticipate that Northland Power will post 1.1793651 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NPI shares. Raymond James cut shares of Northland Power from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$32.00 to C$30.00 in a research note on Thursday. National Bankshares lifted their price objective on shares of Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. CIBC cut their price objective on shares of Northland Power from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, BMO Capital Markets cut their price target on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Northland Power has an average rating of “Buy” and a consensus price target of C$31.96.

About Northland Power

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.