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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Monday, November 11th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.10 per share by the solar energy provider on Monday, December 16th. This represents a $1.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Friday, November 29th.

Northland Power Stock Performance

Northland Power stock traded up C$0.10 during mid-day trading on Wednesday, reaching C$20.22. 1,232,392 shares of the company traded hands, compared to its average volume of 1,120,367. Northland Power has a fifty-two week low of C$19.73 and a fifty-two week high of C$25.36. The firm’s fifty day moving average is C$21.67 and its two-hundred day moving average is C$22.59. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of C$5.21 billion, a price-to-earnings ratio of 85.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power (TSE:NPI) last issued its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. The company had revenue of C$528.97 million during the quarter, compared to analyst estimates of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

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.