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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share by the solar energy provider on Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st.

Northland Power Stock Down 1.9 %

Northland Power stock traded down C$0.38 during mid-day trading on Friday, hitting C$19.67. 827,918 shares of the company’s stock were exchanged, compared to its average volume of 1,166,267. The stock has a market cap of C$5.16 billion, a P/E ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a 50 day moving average of C$18.35 and a two-hundred day moving average of C$19.67. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank lowered their target price on shares of Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. Cormark lowered their price target on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. CIBC cut their price objective on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Raymond James lowered their target price on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. Finally, National Bankshares cut their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$27.21.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.