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

Northland Power Inc. (TSE:NPI) declared 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 yield of 5.93%. The ex-dividend date of this dividend is Friday, November 29th.

Northland Power Stock Up 0.5 %

NPI traded up C$0.10 during trading on Wednesday, hitting C$20.22. 1,232,392 shares of the company’s stock traded hands, compared to its average volume of 1,120,367. The company’s 50 day simple moving average is C$21.67 and its two-hundred day simple moving average is C$22.59. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a 12-month low of C$19.73 and a 12-month high of C$25.36. The stock has a market capitalization 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.

Northland Power (TSE:NPI) last issued its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate 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.