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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Friday, January 31st.

Northland Power Stock Up 0.4 %

NPI traded up C$0.07 during trading on Wednesday, reaching C$17.20. The stock had a trading volume of 125,332 shares, compared to its average volume of 1,080,792. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The company has a market capitalization of C$4.43 billion, a price-to-earnings ratio of 71.67, a P/E/G ratio of 0.71 and a beta of 0.47. The stock’s 50 day moving average is C$18.79 and its two-hundred day moving average is C$21.05. Northland Power has a one year low of C$16.83 and a one year high of C$25.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NPI shares. National Bankshares lowered their price target on shares of Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. CIBC lowered their target price on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Finally, Raymond James raised Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Northland Power currently has a consensus rating of “Moderate Buy” and a consensus price target 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.