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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Monday, November 11th,Zacks Dividends reports. Investors 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 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, November 29th.

Northland Power Price Performance

Shares of NPI traded up C$0.29 during trading hours on Wednesday, hitting C$20.41. 655,890 shares of the stock were exchanged, compared to its average volume of 1,117,747. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a 12-month low of C$19.73 and a 12-month high of C$25.36. The company has a market cap of C$5.26 billion, a price-to-earnings ratio of 83.83, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The stock’s 50-day moving average price is C$21.67 and its two-hundred day moving average price is C$22.59.

Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. The business 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.