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

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Wednesday, January 15th, Zacks reports. Investors of record on Friday, January 31st will be given a dividend of 0.10 per share by the solar energy provider on Tuesday, February 18th. This represents a $1.20 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, January 30th.

TSE NPI traded up C$0.03 during mid-day trading on Friday, hitting C$28.32. The stock had a trading volume of 85,738 shares, compared to its average volume of 608,365. The firm’s 50 day moving average is C$27.45 and its 200 day moving average is C$26.18. Northland Power has a twelve month low of C$22.46 and a twelve month high of C$28.58. The company has a debt-to-equity ratio of 541.73, a current ratio of 1.03 and a quick ratio of 0.45. The stock has a market capitalization of $5.06 billion and a price-to-earnings ratio of 17.01.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Wednesday, November 6th. The solar energy provider reported C$0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.16. The firm had revenue of C$378.44 million during the quarter, compared to analyst estimates of C$397.30 million. As a group, equities research analysts expect that Northland Power will post 2.0399999 earnings per share for the current year.

NPI has been the subject of a number of recent research reports. National Bank Financial raised their target price on Northland Power from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. TD Securities raised their target price on Northland Power from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Northland Power from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 19th. Raymond James reiterated a “strong-buy” rating and set a C$32.00 price target on shares of Northland Power in a report on Thursday, November 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$30.00 price target on shares of Northland Power in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Northland Power currently has an average rating of “Buy” and a consensus target price of C$29.22.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Dividend History for Northland Power (TSE:NPI)

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