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

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.10 per share by the solar energy provider on Tuesday, February 18th. This represents a $1.20 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date is Friday, January 31st.

Northland Power Price Performance

Northland Power stock opened at C$17.13 on Wednesday. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The firm has a market cap of C$4.41 billion, a P/E ratio of 71.38, a P/E/G ratio of 0.71 and a beta of 0.47. The business’s fifty day moving average is C$18.79 and its two-hundred day moving average is C$21.05. Northland Power has a 52 week low of C$16.83 and a 52 week high of C$25.36.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NPI shares. Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. National Bankshares cut their price target on Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. Finally, CIBC cut their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$29.71.

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.