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

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.10 per share by the solar energy provider on Monday, December 16th. This represents a $1.20 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, November 29th.

Northland Power Stock Up 0.5 %

Northland Power stock traded up C$0.10 during trading hours on Wednesday, reaching C$20.22. The stock had a trading volume of 1,232,392 shares, compared to its average volume of 1,120,367. The company has a market cap of C$5.21 billion, a price-to-earnings ratio of 85.04, a PEG ratio of 0.71 and a beta of 0.47. The business’s 50 day moving average price is C$21.67 and its 200-day moving average price is C$22.59. Northland Power has a 52 week low of C$19.73 and a 52 week high of C$25.36. 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 (TSE:NPI) last posted its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a net margin of 2.98% and a return on equity of 3.95%. The company had revenue of C$528.97 million during the quarter, compared to analysts’ expectations of C$526.10 million.

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.