Northland Power Inc. (NPI) to Issue Monthly Dividend of $0.10 on February 18th

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders 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 dividend yield of 7.00%. The ex-dividend date of this dividend is Friday, January 31st.

Northland Power Stock Up 0.1 %

NPI traded up C$0.02 during midday trading on Wednesday, reaching C$17.15. The company’s stock had a trading volume of 71,202 shares, compared to its average volume of 1,078,435. Northland Power has a 1 year low of C$16.83 and a 1 year high of C$25.36. The stock’s 50-day moving average is C$18.79 and its 200-day moving average is C$21.05. The firm has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 71.46, a PEG ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53.

Analyst Upgrades and Downgrades

NPI has been the topic of a number of analyst reports. Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. National Bankshares lowered their price target on Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. Finally, CIBC lowered their target price on shares of Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Northland Power has an average rating of “Moderate Buy” and a consensus target price of C$29.71.

About Northland Power

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.