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

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 Stock Performance

NPI stock traded down C$0.38 during trading on Friday, reaching C$19.67. 827,918 shares of the company’s stock were exchanged, compared to its average volume of 1,166,267. The company’s fifty day moving average price is C$18.35 and its 200-day moving average price is C$19.67. The firm has a market cap of C$5.16 billion, a PE ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. National Bankshares decreased their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. TD Securities lifted their target price on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th. CIBC reduced their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James decreased their target price on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Finally, Cormark cut their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently 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.