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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Monday, March 31st.

Northland Power Trading Down 1.9 %

Shares of TSE:NPI traded down C$0.38 during mid-day trading on Friday, hitting C$19.67. The company had a trading volume of 827,918 shares, compared to its average volume of 1,166,267. The company has a market capitalization of C$5.16 billion, a PE ratio of -36.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a one year low of C$16.14 and a one year high of C$24.88. The firm has a fifty day moving average price of C$18.35 and a 200 day moving average price of C$19.67. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. CIBC decreased their price objective on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. National Bankshares decreased their price target on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Cormark dropped their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. Scotiabank reduced their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Finally, TD Securities upped their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$27.21.

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.