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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Thursday, October 10th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.10 per share by the solar energy provider on Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, October 31st.

Northland Power Trading Down 0.8 %

Shares of TSE:NPI opened at C$21.33 on Friday. Northland Power has a 52-week low of C$19.36 and a 52-week high of C$25.36. The company has a market capitalization of C$5.50 billion, a P/E ratio of 88.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a 50-day simple moving average of C$22.20 and a 200 day simple moving average of C$22.68. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86.

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

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price objective on shares of Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$30.38.

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.