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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given 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 dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st.

Northland Power Trading Down 1.9 %

NPI 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 capitalization 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 debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88.

Wall Street Analyst Weigh In

A number of analysts recently commented on NPI shares. TD Securities upped their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. CIBC reduced their price target on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. 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. Scotiabank lowered their target price on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Finally, National Bankshares cut their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$27.21.

About Northland Power

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.