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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Friday, November 29th,Zacks Dividends reports. Shareholders of record on Monday, December 16th 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 5.99%. The ex-dividend date of this dividend is Friday, November 29th.

Northland Power Stock Performance

Shares of NPI opened at C$20.03 on Thursday. The firm has a market capitalization of C$5.16 billion, a P/E ratio of 83.63, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. Northland Power has a one year low of C$19.09 and a one year high of C$25.36. The business has a fifty day moving average of C$21.55 and a 200 day moving average of C$22.52.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.14.

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.