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

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

Northland Power Price Performance

Shares of TSE:NPI traded up C$0.29 on Wednesday, hitting C$20.41. The company had a trading volume of 655,890 shares, compared to its average volume of 1,117,747. 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 52-week low of C$19.73 and a 52-week high of C$25.36. The business has a 50 day moving average of C$21.67 and a 200 day moving average of C$22.59. The company has a market cap of C$5.26 billion, a PE ratio of 83.83, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.08. The company had revenue of C$528.97 million during the quarter, compared to analyst estimates of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

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.