Northland Power Inc. (TSE:NPI) Declares $0.06 Monthly Dividend

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.06 per share by the solar energy provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

Northland Power Price Performance

Shares of TSE NPI opened at C$22.05 on Friday. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a market capitalization of C$5.77 billion, a P/E ratio of -38.68, a P/E/G ratio of 0.71 and a beta of 0.81. The stock’s 50-day simple moving average is C$22.98 and its two-hundred day simple moving average is C$21.09.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The company had revenue of C$776.97 million for the quarter.

Wall Street Analyst Weigh In

NPI has been the topic of several research reports. Raymond James Financial raised their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotia upped their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets increased their target price on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Desjardins reduced their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, National Bank Financial raised their price target on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$24.80.

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.