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Northland Power Inc. (OTCMKTS:NPIFF) Raises Dividend to $0.08 Per Share

Financial News Live ·  Aug 29, 2022 10:01

Northland Power Inc. (OTCMKTS:NPIFF – Get Rating) announced a dividend on Wednesday, August 24th, investing.com reports. Stockholders of record on Wednesday, August 31st will be paid a dividend of 0.0774 per share on Thursday, September 15th. This represents a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a positive change from Northland Power's previous dividend of $0.08.

Northland Power Stock Down 0.1 %

Shares of NPIFF opened at $34.91 on Monday. The stock has a 50 day moving average of $32.02 and a 200 day moving average of $31.43. Northland Power has a 12 month low of $26.87 and a 12 month high of $36.03.

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Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James increased their price target on Northland Power from C$50.00 to C$52.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. National Bank Financial increased their price objective on Northland Power from C$47.00 to C$49.00 in a report on Tuesday, August 16th. Desjardins increased their price objective on Northland Power from C$50.00 to C$54.00 and gave the company a "top pick" rating in a report on Tuesday, August 16th. Royal Bank of Canada increased their price objective on Northland Power from C$46.00 to C$48.00 in a report on Tuesday, August 16th. Finally, BMO Capital Markets increased their price objective on Northland Power from C$44.00 to C$50.00 and gave the company an "outperform" rating in a report on Monday, August 15th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $49.67.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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